Costa Mesa, CA – July 30, 2009 – Today EPS Corp announced the release of an important financial product for owners of cogeneration facilities: EPS PowerSaver™, which provides a means to outsource onsite power operations to EPS’ expert operations team while improving the performance of the existing system. EPS PowerSaver™ relieves exposure to operational burdens and provides the customer with the benefit of a fixed and agreed-upon portion of savings. PowerSaver™ marks a milestone in the evolution of financial products addressing industrial energy efficiencies, and is the first such program made available to cogeneration facility managers.
EPS PowerSaver™ is a one- to five-year agreement that provides the benefits of 3rd party cogeneration ownership without transferring ownership of the asset itself. Throughout the term, customers benefit from EPS’ extensive cogeneration operating experience and fuel management expertise, delivering the financial benefits they originally expected when they made their cogeneration investment. The resulting cost savings achieved from EPS’ efficiency improvements are shared between EPS and the customer, motivating EPS to achieve peak performance on their behalf. In exchange, customers accept all of the generated electric and thermal energy at the prevailing utility rate. PowerSaver™ is priced to achieve immediate energy cost savings with a flexible contracting term, while eliminating asset write-offs, the hidden costs of fuel fluctuation, demand risks, and lost management and maintenance time. The structure provides strong alignment of interests: EPS will make the changes needed to operate the facility at peak performance, while the customer realizes immediate and fixed savings from the fixed payments by EPS over the term.
“Many existing cogeneration systems underperform due to improper design and installation, a lack of resources to manage the assets, or simple frustration with the effort it takes to make the operation financially successful,” said Jay Zoellner, the Chief Executive of EPS Corp. “These underperforming cogeneration assets represent an opportunity to positively impact a company’s sustainability profile by harnessing waste heat, reducing carbon emissions, and delivering energy cost savings through improved performance. With EPS PowerSaver™ we are able to help the customer realize the intended financial and sustainability benefits they expected when making the cogeneration investment while removing the financial risks of cogeneration system operation.”
About EPS Corp:
EPS Corp is the leading energy intelligence company that develops and implements analytic, efficiency and clean solutions for Fortune 500 companies. The company’s integrated product and services suite is delivered using the EPS Way™, an innovative three-step process that maximizes energy and carbon reductions through financially compelling solutions. EPS delivers the right information – at the right time – to enable decisions that improve energy efficiency, reduce costs, and achieve sustainability goals. The company was founded in 2001 and is headquartered in Costa Mesa, California. More information may be found at www.epsway.com.
MEDIA CONTACT:
Blue Practice
Marc Tamo
marc@bluepractice.com
415-987-2583
EPS PowerSaver and EPS Corp are registered trademarks.