Click here to close now.

SYS-CON MEDIA Authors: Jayaram Krishnaswamy, Robin Kent, Pat Romanski, Jason Bloomberg, Lori MacVittie

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
Recent technology advances in miniaturization has positioned the wearables as the pinnacle of technology convergence with the human body. We inquire if wearables are mere standard miniaturized devices extended with the connectivity and present our views on considerations like design, applications, performance, efficiency, interoperability, usage scenarios, human device interaction and consequent trade-offs enabling wearables to impart optimal value.
ProfitBricks, the provider of painless cloud infrastructure for IaaS, today announced the release of a Node.js SDK written against its recently launched REST API. This new JavaScript based library provides coverage for all existing ProfitBricks REST API functions. With additional libraries set to release this month, ProfitBricks continues to prove its dedication to the DevOps community and commitment to making cloud migrations and cloud management painless. Node.js is an open source, cross-pl...
In this session we look at creating interactive communications via the web by adding messaging, file transfer, and group communication (group chat and audio/video conferencing) into the web experience. We will also discuss potential applications of this technology in areas including B2B, B2C, P2P, and gaming. Peter is Technical Director at Acision. He graduated from The University of Edinburgh in 2000 with a BSc (Hons) in Computer Science. After graduation Peter worked on a PSTN switch dev...
So I guess we’ve officially entered a new era of lean and mean. I say this with the announcement of Ubuntu Snappy Core, “designed for lightweight cloud container hosts running Docker and for smart devices,” according to Canonical. “Snappy Ubuntu Core is the smallest Ubuntu available, designed for security and efficiency in devices or on the cloud.” This first version of Snappy Ubuntu Core features secure app containment and Docker 1.6 (1.5 in main release), is available on public clouds, ...
Public Cloud IaaS started it's life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in ado...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists will discuss how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations m...
Many of the well-known examples of DevOps success we read in blogs on the Internet paint an idyllic picture of DevOps productivity. A team was facing a stodgy, slow-moving operations department, teams weren’t delivering software on time. Those teams moved to DevOps, became proactive about infrastructure and deployment automation, and an overnight transition to productivity ensues. People are promoted, projects are successful, and developers and system administrators dance hand-in-hand in a final...
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable o...
SYS-CON Events announced today that Vicom Computer Services, Inc., a provider of technology and service solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. They are located at booth #427. Vicom Computer Services, Inc. is a progressive leader in the technology industry for over 30 years. Headquartered in the NY Metropolitan area. Vicom provides products and services based on today’s requirements...
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) ap...
SOASTA, the leader in performance analytics, today reported record growth of the CloudTest community, exceeding 30,000 registered users of the CloudTest platform in Q1 2015. SOASTA also announced widespread adoption of its Web and mobile testing solutions, with more than 1,600 customers completing more than 285,000 tests using CloudTest during the quarter. This rapid growth shows that DevOps-driven digital businesses are embracing a more continuous approach to testing, and CloudTest is meeting t...
SYS-CON Media announced today that John Treadway’s blog has exceeded 475,000 page views. John Treadway, Vice President at Cloud Technology Partners, has surpassed 475,000 page views on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, Microservices Journal, and several others. His blog home page at SYS-CON can be found at JohnTreadway.SYS-CON.com.
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.