UrbanVolt, the Dublin-headquartered energy-saving LED lighting firm whose backers include rugby star Jamie Heaslip, has announced a new solar solution. The company, which last year signed a €30 million funding deal with Swiss green energy private equity group Susi Partners, has become internationally known for its “light as a service” offering where it installs energy-efficient lighting for businesses free of charge, with an agreement to split the energy savings between both parties over a five year period.
Editor’s Take: UrbanVolt says it is focusing its light-as-a-service model on solar, and the idea is intriguing. The company believes the service, which basically puts UrbanVolt in charge of project managing a solar installation, will do away with the current practice of locking companies into a 25-year lease for on-site solar. Instead, a monthly service fee structure will allow the company to own the solar installation after seven years.So, what’s the next ‘as-a-service’ model UrbanVolt will produce? According to the company’s website, energy storage-as-as-service will be available soon.