Helping businesses understand how to finance energy efficiency improvements
More than a year ago, leaders at The Energy Alliance Group of North America decided to devote company resources to educate Michigan and Ohio business and industry leaders about the importance of financing energy efficiency projects through Property Assessed Clean Energy (PACE) programs.
That trend continues next week as The Energy Alliance Group of Michigan participates in the
Manufacturing in America 2016
event, March 23rd and 24th at Ford
Field in Detroit, MI. EAG will be hosting a booth at the event and Scott Ringlein, EAG's Founding Partner, will be presenting during morning sessions both days.
The event, sponsored by Siemens and Electro-Matic Products, Inc., is free, but registration is required. Learn more about the event and register by clicking
More than over 2500 manufacturing executives, engineers and enthusiasts are expected to attend to learn more about the newest technologies, share best practices and ideas, and be a part of advancing the future of manufacturing.
At 8 a.m. on Wednesday, March 23rd and 11 a.m. on Thursday, March 24th, Ringlein will discuss:
PACE Financing: A Paradigm Shift in Funding
Energy Efficiency and Renewable Energy Projects
According to the Department of Energy, lighting accounts for 8% of all energy consumption in the United States and 22% of electricity nationwide. Energy efficient lighting has the potential to reduce lighting energy use in the United States by one-fourth. It is, without doubt, the low hanging fruit of energy efficient measures. But what about the other measures and how can you get it all?
Industrial and commercial building owners have continued to ask the same question, "How do I reduce my energy costs, with no capital investment, while improving my bottom line from day one?" This question no longer goes unanswered!
PACE, Property Assessed Clean Energy financing, is a groundbreaking and innovative method of funding energy efficiency and renewable energy projects. Adopted by the State of Michigan in 2010, this paradigm shift in project funding allows industrial and commercial building owners to utilize a voluntary property tax special assessment to finance energy efficiency projects.
Attendees will learn how this non-recourse, fixed rate, and long-term method of financing will overcome the "traditional barriers" of funding energy efficiency and renewable energy projects while improving the bottom line.
Ringlein also speaking in April at North Carolina event
That event is the
OnSite Energy Conference & Expo
, April 11-13, to be held at the Charlotte Convention Center.
Co-located with the International Biomass Conference & Expo, this event will bring together commercial, institutional and industrial energy professionals who are evaluating or already managing on-site power and thermal energy technologies.
Organized by BBI International and On-Site Energy Management magazine, this new event is being held in conjunction with the largest biomass industry gathering in the world. The
International Biomass Conference & Expo
is expected to draw more than 1,200 attendees and 220 exhibitors within a 200,000-square-foot expo.
Ringlein will be part of a panel discussing energy finance on April 12th at 3:30 p.m. The panel,
Outsourcing On-Site Energy: Project Financing Tools that Reduce Customer Cost, Investor Risk and Distributor Hurdles, includes:
- Moderator: Tom Bryan, Editor In Chief, On-Site Energy Management;
- Jim Crouse, Executive Vice President, Sales and Marketing, Capstone Turbine Corporation, "Exploring the Benefits of Microturbine Installations through Power Purchase Agreement;"
- Kyle Andrucyk, Vice President, Finance, United Wind, "Fixed-Rate, Zero-Maintenance Distributed Wind Turbine Leasing;"
- Chris Lohmann, Vice President, Alternative Energy Solutions, Energi Insurance Services Inc., "De-risking Project Finance for Innovative Technologies;" and
- Scott Ringlein, President, The Energy Alliance Group of North America, "PACE Financing: A Shift in Funding Renewable Energy Projects."
EAG already presented at two Michigan events this year
In February, The Energy Alliance Group of Michigan joined
Levin Energy Partners
to explain the state's Property Assessed Clean Energy statute to a group of Midland County commissioners and members of the Midland business community in an event hosted by
the county's economic development organization.
Cory Connolly, Clean Energy Project Manager at Levin Energy Partners, discussed how Levin Energy Partners works as an administrator of Lean and Green Michigan PACE districts in Michigan. Levin Energy Partners currently administers PACE for 18 Michigan counties and 8 cities or townships in the state.
Ringlein discussed the process of planning and implementing PACE-financed energy efficiency projects.
Learn more about that event
and in a
published by the Midland Daily News. Midland Tomorrow sent a letter to the Midland County Commission requesting it consider designating the county a Lean and Green Michigan PACE finance district. The
Midland County Commission's Administration and Operations Committee has placed PACE on its agenda for its
March 23, 2 p.m.
In addition, the proposal is scheduled to go before the full Board of Commissioners at its
April 5, 9 a.m.
The Energy Alliance Group also hosted an information booth, and Ringlein was a presenter, at the Feb. 18th
Michigan Association of CPA's CPE Mega Conference for Business & Industry in Troy.
Often, the decision to implement energy efficiency improvements is impacted by financial questions, so it's important that financial managers understand all the options available to their companies.
Educating others on energy efficiency finance
The Energy Alliance Group has also taken its
panel discussion event,
Keeping PACE with Energy Efficienc
y to four Michigan cities (Troy, Lansing, Grand Rapids and Traverse City), and to Toledo, Ohio. The company hosted a webinar on PACE, and company experts have been interviewed on radio & television and have provided information for many other industry news organizations.
In December, Ringlein was interviewed by Matt Roush, Engineering Society of Detroit, for the Tech Century M2TechCast. As part of the interview, Scott discussed both PACE and The Energy Alliance Group. That podcast was broadcast live, but was recorded. Here's the link to listen to it.
"We're very excited to be telling others about the benefits of PACE financing and the benefits of energy efficiency in general. It's very important business owners understand how PACE and energy efficiency can help their businesses," Ringlein said.