Powerstar anticipates the affiliation will make it possible for the company to further develop its recently-launched ‘As a Service’ funding model for both energy storage (Storage as a Service or STaaS®) and voltage optimization systems (Powerstar as a Service®).
As with all Powerstar’s services, the ‘As a Service’ funding model is customized to each customer’s requirements, allowing organizations to purchase and install a Powerstar solution without investing in capital expenditure.
Working together with Capitas Finance and the development of ‘As a Service’ finance models will support Powerstar in developing a wider adoption of energy storage solutions throughout the UK.
Robert Macklin, Chief Financial Officer of Powerstar, said, “Partnering with Capitas Finance, who are experts in the energy efficiency solution, and have taken the time to build a strong working relationship based on the understanding of how Powerstar’s products and business works, has been another positive step for the company.”
Jeremy Hartill, Managing Director of Capitas Finance, added, “Organizations are spreading the costs of the energy storage investment whilst achieving a wider variety of benefits e.g. greater savings, greater resilience and greater revenue opportunities. We are excited to be providing funding to Powerstar, whose values are closely aligned to ours and share the vision of delivering a beneficial bespoke solution based on the understanding of individual customers.”
Photo: From the left are Mark Turrell, Director, Capitas Finance, Robert Macklin, Chief Financial Officer, Powerstar and Jeremy Hartill, Managing Director, Capitas Finance (Powerstar)
