Future Energy Solutions Lighting Group, a provider of Lighting as a Service platform, closed a $75m credit facility with Orion Energy Partners.
Orion Energy will supplement existing financial backing from UK-based Matterhorn Capital and Stonegate Bank.
The company intends to use the funds to expand its presence in markets throughout the United States.
Led by CEO Daniel Gold, FES provides commercial and industrial customers with energy efficient lighting equipment systems using LED and induction technologies. Its Gold Initiative Program provides energy efficient lighting infrastructure from design, supply, installation and funding assuming all maintenance responsibilities for customers who partner with the company throughout the term of it.
The company specializes in targeting customers currently operating inefficient high intensity discharge (“HID”), high pressure sodium (“HPS”) and fluorescent lighting systems in which lighting forms an essential part of the businesses’ operations and cost base.
FinSMEs
10/04/2017