Metrus and National Grid Join Forces to Pursue New York Efficiency Projects
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
US:NYSE Investor Relations:
investors.nationalgrid.com
Company Research
Source: PR Web
SAN FRANCISCO (PRWEB) May 22, 2018 Metrus Energy has announced an innovative initiative with National Grid that is targeting over $50 million of investment in integrated efficiency upgrade projects. Utilizing Metrus' Efficiency Services Agreement (ESA), Metrus and National Grid will jointly pursue the identification, development and financing of energy efficiency projects for large end-users of electricity and natural gas.This offering will initially focus on million dollar and greater projects in large commercial and industrial facilities in National Grid's diverse upstate New York service territory, which covers 25,000 square miles. It will achieve deep energy savings for large end-users through the implementation of energy efficiency, distributed clean energy resources, and demand response projects under Metrus' ESA. Efficiency Service Agreements are a pay-for-performance financing solution that deliver efficiency upgrades to customers with no upfront capital outlay. This new init
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