Vendor finance available for Powerstar voltage optimisation systems
An Asia-Pacific alliance has announced it will provide vendor finance to organisations for Powerstar’s electrical energy products.
Powerstar, a provider of voltage optimisation (VO) systems, is a founding member of the Smart Power Alliance with Ultima Capital Partners, which was formed to enhance cooperation between users, regulators, suppliers and researchers for the adoption of energy-efficient solutions.
The finance also extends to the company’s latest energy storage solution, Powerstar Virtue.
Sam Czyczelis, Powerstar’s group sales manager Asia Pacific, said the arrangement solves problems including bank constraints and head office limits on capital expenditure.
“There are no upfront costs and the power savings gained are greater than the financing,” Czyczelis said.
“Powerstar VO systems have a 50-year lifespan, so the cumulative whole-of-life net savings can be in the millions of dollars.”
Czyczelis said organisations can side-step funding restrictions and covenants by structuring the acquisition through a lease or rental arrangement, as they are not borrowing the money.
“In many cases, the only required security is over the equipment, which will be a big help for businesses,” Czyczelis added.
The VO systems match the incoming electricity supply to the needs of onsite equipment and return any excess energy back to the grid. Powerstar products offer a 100% guarantee on power cost savings, reduce electricity consumption by around 12-15% per annum and cut carbon emissions.
“How could organisations not be attracted to a ‘self-funding’ energy-saving device that doesn’t cost them upfront to purchase or install, has a low payback period and produces an immediate positive cash flow?” Czyczelis asked.
“Importantly, it also helps them reduce their carbon emissions, enhancing their corporate social responsibility and green credentials.”
The new structured finance offering would typically be over a five-year period, with the Powerstar unit fully funded at market-competitive rates via a lease or rental arrangement. The annual cost savings are expected to exceed finance costs, giving the end user an ongoing positive cash flow from installation
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