|By PR Newswire||
|February 19, 2014 03:00 AM EST||
AUSTIN, Texas, Feb. 19, 2014 /PRNewswire-iReach/ -- Creekwood Energy Partners LLC has integrated Noesis Project Financing services offered by Noesis Energy into its energy management and consulting business. By working with Noesis' team of project finance specialists, who provide assistance with project financial analysis and working with lenders, Creekwood is able to include attractive financing options and deliver a more comprehensive solution.
After initially focusing on renewables, Creekwood broadened its service offering in 2009 to include comprehensive energy management and consulting services. "We serve as an outsourced energy management partner for mid-size companies, who depend on us to act as trusted, independent third-party advisors on their energy strategy," says Ron DeLyons, managing principal and CEO of Creekwood Energy Partners. "We evaluate their energy assets and determine how, given their current energy supply options and available financing, they can better manage their energy spend, and reduce energy consumption and environmental impacts."
New technologies offer numerous energy efficient heating, cooling, and illumination choices. At the same time, innovative tariff arrangements can subsidize renewable and distributed energy production and reward peak load reduction. Creekwood analyzes the data to determine the optimal mix of technology innovations, energy conservation measures, and available incentives that will maximize savings and deliver energy independence for its clients. By including access to financing, Creekwood can offer its clients a turnkey option.
"One of our challenges is getting the finance team comfortable with the numbers. We view Noesis as our back office for modeling and analyzing project calculations, and to provide a robust and verifiable economic basis for our recommendations," says DeLyons. "These days, it's extremely important to include financing — you need to deliver a comprehensive solution that shows how the project will be budgeted and offers off balance-sheet financing. This is where Noesis Project Financing is invaluable."
"Noesis gives Ron and his team an effective and efficient way to build financing options into every potential deal. Many times the scope of engagement with a prospect will shift, and having Noesis Project Financing services as his 'back office' gives Creekwood the flexibility and scalability to keep the project moving forward towards approval – for one flat fee," said Jason Putnam, VP of sales at Noesis Energy.
Looking ahead, DeLyons sees an opportunity to work with companies whose capital budgeting does not include energy conservation projects. "I think where Noesis will provide additional options in those situations where you're looking to finance a project for smaller companies. We're currently reviewing the possibility of offering our clients shared savings options, for example."
HOW NOESIS PROJECT FINANCING WORKS
Noesis makes financing efficiency projects simple by providing essential finance services to its customers. Noesis' team of project finance specialists helps during the entire proposal process — from analyzing project details and working with lenders to presenting financing options to the CFO or building owner. Each Noesis customer has a dedicated project finance specialist and receives unlimited phone and email support from the Noesis project finance help desk. With Noesis, efficiency pros can include financing options in all of their proposals, helping them win more deals and do more energy projects.
ABOUT CREEKWOOD ENERGY PARTNERS
Creekwood Energy Partners LLC (Creekwood) is a NMSDC-Certified Minority Business Enterprise based in Cincinnati, Ohio. The Creekwood team provides clients with comprehensive energy management and consulting services, arranging project finance where and when required. Founded in 2004, Creekwood was established to develop and finance renewable energy projects. In 2009 the company expanded its service offerings to include comprehensive energy management and consulting services. Creekwood employs a data-driven process, designed to optimize renewable energy, energy efficiency, and sustainability initiatives. For more information, visit http://creekwoodenergy.com/.
ABOUT NOESIS ENERGY
Noesis Energy helps efficiency professionals get more projects approved and implemented by providing turnkey financing services and SaaS-based software tools to accelerate and streamline their efficiency project analysis and proposals. Noesis Energy is backed by Black Coral Capital and Austin Ventures, and maintains offices in Austin, Texas and Cambridge, Ontario, Canada. For more information, visit www.noesisenergy.com and follow @noesisenergy. Learn how the Noesis Energy platform works here. Use our site to find incentives at incentives.noesisenergy.com.
Media Contact: Tim Cox, Noesis Energy, 650-369-7784, [email protected]
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SOURCE Noesis Energy
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