Energy fund
May 1st 2007

As energy costs continue to rise and the resultant environmental cost to the planet becomes ever more incontrovertible, industry and business will increasingly be called upon to disclose their environmental performance and control their energy consumption.

FundEnergy is a financial initiative introduced by Powermaster to make energy-saving simple and cost-effective for industry.

With FundEnergy, companies throughout the UK and Ireland can immediately find and fund ways of reducing their carbon footprint.

Powermaster recognises that it is not always easy either to identify the most effective energy-saving measures or to fund them, and that these remain serious concerns for many corporate decision makers, particularly those who, for a variety of reasons, cannot use other resources, such as those of The Carbon Trust.

FundEnergy will provide companies with a detailed analysis of their energy consumption and make specific recommendations as to the most effective ways to dramatically cut costs and carbon emissions. It will then provide the financial investment for the project, interest-free, with repayment made over an agreed period out of monthly energy savings.

Geoff Renshaw, sales and marketing director of Powermaster, comments "The great advantage of FundEnergy is that funding can be provided quickly. We were finding that most energy saving projects were taking 12 months to come to fruition. That meant companies were facing an additional year's worth of unnecessary energy costs.

"With FundEnergy, these same companies can begin to tackle their electricity bills and carbon emissions immediately.