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Key Equipment Finance Is Project Lender on Metrus Energy, IBM Deal

April 15, 2021, 07:20 AM
Filed Under: Energy

Metrus Energy announced a new $2.2 million Sustainable Energy Services Agreement (SESA) with IBM. This is the first project in a planned portfolio for a company-wide SESA program for the global technology and consulting company. Key Equipment Finance is the project lender.

Improvements are being made across four different IBM sites in New York and North Carolina, and they include LED lighting and light control fixture upgrades.

These upgrades will generate $414,000 in savings annually and reduce carbon emissions by 2,416 tons every year. In addition to Key Equipment Finance, partners include Centrica Business Solutions, which is providing engineering, construction and ongoing monitoring services, and JLL, which is providing project coordination.

"IBM has been focused on energy efficiency for decades, and Metrus has been a terrific partner in helping us identify new ways to fund our energy efficiency efforts at IBM,” said Brody Wilson, Manager, Global Energy and Environment, IBM.

“Metrus is excited to be providing IBM with a financing solution that will lower their operating expenses while improving their overall sustainability,” said Anastasia Beckett, SVP, Business Development, Metrus Energy. “Our Sustainable Energy Services Agreement is a flexible solution that enables multi-site rollouts of energy efficiency upgrades that will help meet IBM’s ambitious sustainability plans.”

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