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
|By PR Newswire
|September 2, 2014 06:00 AM EDT
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
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs.
This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
Dec. 7, 2016 09:15 PM EST Reads: 304
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Dec. 7, 2016 08:45 PM EST Reads: 1,625
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value.
In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Dec. 7, 2016 08:15 PM EST Reads: 2,204
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud.
In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Dec. 7, 2016 07:15 PM EST Reads: 1,782
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Dec. 7, 2016 07:15 PM EST Reads: 357
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Dec. 7, 2016 07:00 PM EST Reads: 463
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST.
Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Dec. 7, 2016 06:00 PM EST Reads: 2,659
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
Dec. 7, 2016 06:00 PM EST Reads: 1,870
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 7, 2016 05:45 PM EST Reads: 1,099
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Dec. 7, 2016 05:15 PM EST Reads: 926
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 7, 2016 05:15 PM EST Reads: 333
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Dec. 7, 2016 05:15 PM EST Reads: 262
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Dec. 7, 2016 05:15 PM EST Reads: 1,750
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Dec. 7, 2016 05:00 PM EST Reads: 1,920
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation.
In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 7, 2016 04:30 PM EST Reads: 1,676