$65M Boost Takes ‘Lighting-as-a-Service’ Mainstream - Energy Watch News

$65M Boost Takes ‘Lighting-as-a-Service’ Mainstream

The money will allow Irish LED lighting specialist UrbanVolt to bring its lighting-as-a-service model to the UK and the US. The firm – which already supplies major multinationals such as Pfizer – upgrades commercial buildings to LED lighting for no upfront capital cost. A proportion of the energy saving is then paid to UrbanVolt as a service charge for the first five years, during which time UrbanVolt also maintains the lights. The concept allows firms to finance lighting upgrades from operating expenditure budgets, rather than capital expenditure. Big lighting brands Philips and Zumtobel also offer similar services, but are not specialists in the field. http://luxreview.com/article/2018/07/-44m-boost-takes-lights-as-service-mainstream

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