The Energy Report
Source: Streetwise Reports 03/02/2019
With its solutions, the company aims to help clients decrease their costs and environmental impact.
Smartcool Systems Inc. (SSC:TSX.V; SSCFF:OTC; R3W:FSE) announced in a news release its subsidiary Total Energy Concepts Inc. began installing energy-efficient solutions for the Light of Christ Catholic Schools in Bismarck, N.D., St. Mary’s Central High School being the initial project. The package will include Smartcool’s technology, LED lighting, voltage conditioning and other optimizing components.
“The installation is anticipated to reduce the monthly electrical costs and associated maintenance expenses by over 40%, amounting to a reduction of approximately over $3,000 per month,” the release noted.
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The project and facilities manager for the Light of Christ, John Richter, commented, “The financing that has been provided for the project allows us to see immediate financial benefit as the reduction in monthly costs exceeds the lease expense of the project.”
Paul Deichert, TEC Regional Sales Director, said, “With completion of this installation, other similar institutions should follow St. Mary’s lead in adopting these technologies for similar results. Interest in this type of program has been growing and I believe we will be installing at numerous additional locations. This is truly a win-win scenario as operating expenses that are saved can be used for other beneficial projects. I look forward to working with the LOC to reduce their costs and environmental impact.”
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1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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( Companies Mentioned: SSC:TSX.V; SSCFF:OTC; R3W:FSE,