New Zealand Green Investment Finance invests in innovation with ESP
We are very pleased to announce that New Zealand Green Investment Finance has invested in ESP to help grow our business, invest in new technology and attract new clients. With a two-decade track record of energy efficiency and management behind them, ESP offers clients energy and carbon management services that utilize cost effective data-driven insights, machine learning and remote monitoring.
NZGIF chief executive Craig Weise says ESP’s services delivers on multiple fronts, reducing customer’s energy costs while saving New Zealand carbon. “Energy and carbon management is well recognized here and overseas as a cost-effective way to reduce emissions, and it can make a company more profitable and productive as they do more with less energy. So, our investment in ESP’s growth is a win-win for New Zealand. We see potential for significant growth for ESP as New Zealand companies recognize that to be successful, to meet the expectations of shareholders and customers, they need to do business with less carbon”.
The equity investment is part of a wider raise for the company and will be used to grow ESP’s customer base, invest in its technology platform and provide further insights and analytics to customers. ESP works across many sectors and with many companies with potential to save money and carbon, including those with commercial, industrial and manufacturing sites using multiple fuels.
The incorporation of innovations such as artificial intelligence and machine learning to ESP’s services for clients means immediately actionable insights through autonomous and remote monitoring, with measurable impact. Depending on the nature of the business and the types of plant used, commercial customers can expect to save between 10-50% on their power bills, going straight to the bottom line.
NZGIF’s capital will contribute to ESP’s ongoing development and marketing of cost-effective software services for companies not able or willing to carry the costs of traditional on-site physical energy auditing and monitoring, meaning more companies managing energy and reducing carbon overall in New Zealand.
Lincoln Watson, ESP’s chief executive, says “We have the experience and industry-leading technology to help companies understand, manage and reduce their energy-related emissions – and their energy costs. We’re ready to grow into New Zealand’s most successful energy and carbon manager by bringing artificial intelligence together with human intelligence from our highly skilled and qualified team to help New Zealand reach our low carbon future”.