EPS Financing
EPS PowerSaver™
EPS PowerSaver™ is an ideal solution for improving existing underperforming cogeneration assets. With flexible contract terms, secure cash flow, and no operating risk, this EPS service allows you to focus on your core business. In the PowerSaver™ program, EPS will contract with you for between one to five years, and deliver a certain amount of savings from the facility on a fixed monthly basis through the term of the agreement. EPS will absorb all fuel procurement, performance and operation and maintenance responsibilities (both scheduled and non-routine, except catastrophic failure). In exchange for the savings from the system, you will agree to purchase all electric and thermal energy generated by the plant at the prevailing utility rate. PowerSaver™ relieves you from fuel management and plant operations burden, and places all risk squarely on EPS, while providing you benefit from the system. The monthly payment from EPS is priced to achieve a positive cash flow today.
PowerSaver™ provides the following advantages:
- Immediate positive cash flow from an existing asset
- No write off of existing asset
- Flexible contracting term (from one to five years)
- No fuel risk
- No demand risk
- Frees up management and maintenance time
- Eliminates in-house operating costs and problems
Energy Efficiency Leasing
EPS provides lease financing services for many of the energy projects we install. Lease products include both operating and capital lease structures. We work closely with you to size the payment streams to be lower than the total savings realized from the new project, providing savings benefits immediately. Depending on the asset class, the project will either transfer directly or be sold at fair market value at the end of the lease term.
Shared Savings
EPS provides aggregated savings programs on a facility-wide basis, encompassing multiple energy projects that we install and maintain. The benefit to shared savings is that we provide savings below an established facility level benchmark, which is more often than not significantly higher than the sum of individual projects within a facility. We share a portion of the savings with you until our investment hurdle is reached, at which point 100% of the facility savings revert back to you.
Power Purchase Agreement
Our Power Purchase Agreement is designed to sell power and thermal energy from a clean generation plant at prices expected to beat current and future utility rates. We design, build, own, operate and manage the plant front to back; all you have to do is buy the energy.