Welcome!

News Feed Item

Ascentium Capital Joins Noesis Energy's Efficiency Project Financing Marketplace

Leading equipment financing company is the latest lender to connect with more than 100 project developers that use the Noesis marketplace to finance LED lights, building controls and other energy-efficient equipment for construction and retrofits

AUSTIN, Texas, Sept. 2, 2014 /PRNewswire-iReach/ -- Noesis Energy, the fastest-growing financing marketplace for commercial energy efficiency projects, announced that Ascentium Capital has joined its syndicate of efficiency lenders that use Noesis to connect with more than 100 energy-efficiency companies that collectively propose over $1 billion in projects annually. Noesis is the world's leading lending marketplace that provides detailed energy savings and technical underwriting information to assist in project justification and financing worthiness.

Photo - http://photos.prnewswire.com/prnh/20140831/141726

Ascentium Capital, a national commercial lender, is ranked as the fifth-largest private-independent finance company by volume in the U.S. As a direct lender, Ascentium specializes in equipment financing, leasing and working capital solutions for the energy-efficiency market, which brought Noesis and Ascentium together. Ascentium's proprietary credit underwriting platform, combined with Noesis' technical project underwriting, will deliver quick, competitive finance quotes to Noesis' project developers.

"We're excited to work with Noesis and offer flexible financing to their national network," said Pat Kistler, SVP of sales at Ascentium Capital. "Energy efficiency investments represent a substantial opportunity to generate a positive cash flow for building owners. Our affordable financing, combined with energy-saving equipment, can drive a fast and substantial return on investment."

Ascentium's financing will be presented as part of Noesis' Efficiency Finance Finder, which lets project developers include financing on proposals to building owners. The quote system is a key capability of Noesis' marketplace, which connects project developers with the best financing resources.

Unlike traditional lending, which typically only reviews a borrower's credit worthiness, Noesis performs a technical risk profile and ROI analysis, enabling lenders to consider the merits of the project. Lenders can then adjust underwriting to factor in the attractive cash-flow attributes of energy projects and offer the most competitive terms.

"We're very pleased to be working with Ascentium Capital," said Scott Harmon, founder and CEO of Noesis Energy. "Ascentium brings the right combination of informed and innovative underwriting to the table, and is positioned to consider and understand the impact of a project's cash flows and the building owner's credit — a practice that is well understood in commercial real estate lending."

With Ascentium Capital, Noesis concentrates its focus on the multi-billion dollar opportunity in energy-efficiency financing tied to projects that improve operating profits and property values of commercial buildings such as hotels, restaurants, corporate campuses, warehouses and other facilities. According to Navigant Research, building owners will spend $17 billion on efficiency investments in 2014, but despite the popularity of equipment financing, lending has yet to make significant in-roads into this market.

Financing has been prevalent for traditional commercial equipment like computers and fleet vehicles, and with the help of Noesis and its marketplace, financing will be critical to unlocking billions of dollars of investment in energy-efficiency equipment and services such as lighting, air handling and building controls.

ABOUT ASCENTIUM CAPITAL
Ascentium Capital, as a direct lender, specializes in providing equipment financing, leasing and working capital solutions that drive growth and profit for equipment manufacturers, distributors as well as direct financing to businesses nationwide. For more information, please visit AscentiumCapital.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 Noesis' Energy platform works here. Find incentives at incentives.noesisenergy.com.

Media Contact: Tim Cox, ZingPR for Noesis Energy, +1-650-369-7784, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Noesis Energy

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, described how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launching ...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.