UrbanVolt created Light as a Service (LaaS®) in order to deliver energy efficiency projects for corporate clients for no capital cost. Operating across Ireland, the UK, Continental Europe and the US, the company has become a world leader in upgrading commercial buildings to LED lighting.
Low Carbon has a funding deal with UrbanVolt that will be used to deliver energy efficiency projects across the globe with our shared mission to reduce global energy consumption and have a measurable and positive impact on the environment.
Delivering projects for no upfront capital cost via their unique service model, UrbanVolt enables companies to save 75% on their lighting costs while also dramatically reducing their carbon emissions. A proportion of the energy saving is then paid to UrbanVolt as a service charge for the first five years, during which time UrbanVolt also maintains the lighting. UrbanVolt’s unique off-balance sheet solution means they have expanded rapidly around the world, with a focus on multi-site, multinational companies.