By Jason Deign
Electronics giant Sharp is pinning its hopes on no-brain financing to gain an uptick in underperforming US commercial and industrial (C&I) energy storage sales.
In September the company, which is an important solar panel maker, introduced a new financing programme for commercial SmartStorage energy storage systems sold with PV.
The no-money-down finance offer is provided by an un-named lender with capacity for up to USD$25m in project funding, equating to around 12MW of installed capacity over the next 12 months.
The financing packages are designed to give C&I customers a saving of at least 5% of annual utility costs, with no upfront investment.
The customer signs an energy service contract similar to a power-purchase agreement, explained Carl Mansfield, general manager and founder of Sharp’s Energy Systems and Services Group.
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