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Future Energy Solutions Secures Financing for Expansion

Lighting retrofit specialist Future Energy Solutions, Ft. Lauderdale, FL, secured a new round of financing to help it expand, according to a story in the SunSentinal. Orion Energy Partners, New York, agreed to provide $75 million in a debt-financed partnership that will allow privately owned Future Energy to significantly expand its presence in the U.S. market. The financing supplements existing financing by UK-based Matterhorn Capital and Stonegate Bank.

Future Energy designs and installs LED and induction lighting systems on a lighting-as-a-service (LaaS) model where customers pay no capital costs for their lighting systems but a monthly fee covers installation and maintenance of the system. Besides Ft. Lauderdale the company has offices in London and Sydney, Australia.

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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that...

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