NEW YORK, February 10, 2017 /PRNewswire/ --
Although non-conventional energy like solar, wind and tidal energy are growing at a rapid rate, more of the need is met by conventional energy sources like oil, gas and coal, which leads to environmental pollution and is non-renewable. So efficient energy management has become more popular as it helps improve effective utilization of energy as well as reduce greenhouse gas emissions. According to a new report published by Zion Market Research, global energy management systems market was valued at around USD 35.17 billion in 2016 and is expected to reach approximately USD 70.93 billion in 2022, growing at a CAGR of above 12.4% between 2017 and 2022. Premier Holding Corp. (OTC: PRHL), Orion Energy Systems Inc. (NASDAQ: OESX), LightPath Technologies Inc. (NASDAQ: LPTH), Spi Energy Co Ltd (NASDAQ: SPI), Sunworks Inc. (NASDAQ: SUNW).
The report also indicated three factors that drive the global energy management systems market: "The key factors which are mainly driving the energy management system market is escalating energy consumption and price volatility. Furthermore, increasing awareness in industrial sectors for the efficient utilization of energy consumption is also fueling the growth of this market. In addition, stringent government policies and guidelines or government intervention over misuse of energy consumption spurs the growth of this market."
Premier Holding Corp. (OTCQB: PRHL) Under the corporate motto, "Everything Energy," Premier is an energy holding company focused on acquiring and integrating energy companies as synergistic subsidiaries. The Company accumulates residential and commercial clients in deregulated markets from all subsidiaries and cross sells energy and energy efficiency products and services including LED lighting, energy management systems, smart home technology, and more, maximizing profit potential and minimizing cost of client procurement.
Premier Holding Corp. earlier this morning announced that, "it has signed an agreement with Sustainability Partners to generate sales and help grow their business through its subsidiary, Energy Efficiency Experts (E3). Sustainability Partners has an industry-disrupting alternative to the painful cycle of RFI, RFP, budgeting, financing, bond, taxes, rental, PPAs, leases and shared savings arrangements. Their model provides sustainability in a similar fashion as utility companies provide power... on a month-to-month service agreement.
SP pays for 100% of materials and installation while continually providing maintenance, upgrades, and eventual replacements as newer, better technology arrives. This simple, utility-structured SaaS® agreement gives customers high impact solutions with no cash outlay, no institutional guarantees, and no security interests or collateral, thereby strengthening the financials by reducing debt, reserves and operating costs on a continuing basis.
SP CEO Thomas Cain adds: "We could not be more impressed with the leads and enthusiasm from the team at Premier Holding and their subsidiary Energy Efficiency Experts. We have been working closely for months in preparation for this agreement and the projects E3 has brought to us are exactly what we are looking for in terms of size, scope and client profile. We are very excited about the prospects for mutual success with E3. They have an impressive lead generation network that is growing by the day."
President and CEO of Premier, Randall Letcavage adds: "This agreement with SP is a natural fit for our company, and we have turned our entire ship around to promote the unique and extremely well-funded SP model. We believe their distinct method for providing 'sustainability-as-a-service®' will change the industry in the same way Uber and Airbnb have changed those industries. We are honored to be among the few companies SP has contracted with to launch this amazing, game-changing business. With the backing they have, and the approach we are taking together, we are equally excited about our future prospects. We have already brought them a number of large hospital and municipal prospects."
Orion Energy Systems Inc. (NASDAQ: OESX) transforms commercial and industrial buildings with state-of-the-art energy efficient lighting systems and retrofit lighting solutions. Orion manufactures and markets a cutting edge portfolio of products encompassing LED solid state lighting and high intensity fluorescent lighting. The Company operates through three segments: Orion U.S. Markets Division, Orion Engineered Systems Division and Distribution Services Division. The USM division develops and sells its commercial lighting systems and energy management systems to the wholesale contractor markets. The OES division develops and sells lighting products, and provides construction and engineering services for its commercial light emitting diode and high intensity fluorescent lighting and energy management systems. The ODS division focuses on selling its lighting products through manufacturer representative agencies and a network of broadline North American distributors.
LightPath Technologies Inc. (NASDAQ: LPTH) is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies. The Company also performs research and development for optical solutions for the traditional optics markets and communications markets. The Company's products are incorporated into a range of applications by its customers in various industries, including defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors.
Spi Energy Co Ltd (NASDAQ: SPI) is a global provider of photovoltaic solutions for business, residential, government and utility customers and investors. SPI Energy focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The Company operates an innovative online energy e-commerce and investment platform, http://www.solarbao.com, which enables individual and institutional investors to purchase innovative PV-based investment and other products; as well as http://www.solartao.com, a B2B e-commerce platform offering a range of PV products for both upstream and downstream suppliers and customers. The Company has its operating headquarters in Shanghai and maintains global operations in Asia, Europe, North America and Australia.
Sunworks Inc. (NASDAQ: SUNW) provides photo voltaic based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatts systems for larger commercial projects. The Company's commercial installations include office buildings, manufacturing plants, warehouses and agricultural facilities, such as farms, wineries and dairies. The Company provides a range of installation services to its solar energy customers, including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring and maintenance.
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