Steve Jones
Tinley Park, IL (USA)
Role(s):
Founder/Owner/Principal
EcoEnergy Group
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Startup
Location:
Tinley Park
Industry:
Real Estate
Year Founded:
2010
Number Employees:
1-10 people
Description:
The limited partnership offering is designed to take maximum advantage of the incentives and subsidies available in converting commercial, commercial and industrial buildings to the Dept of Energy's Energy Star standards. Currently, federal, state and local incentives and subsidies can reduce the cost up to 80% and the market for renewable energy credits (carbon offsets) is set to expand, especially in states such as Illinois, New Jersey, California, Colorado, and Massachusetts. Our power purchase agreements allows a business to lock in their energy costs for up to 25 years regardless increases in the price of fossil fuels, providing a long-term competitive advantage to our clients. Our business plan explains these incentives and sets forth how investments can return an annualized return of 31%. We project a 5X return on investment capital.
EcoEnergy Group is primarily interested in receiving capital from:
-Equity Funding (Venture Capital, Angel, Private Equity, etc.)
We would like to use the funds that are raised for the purposes below:
-Operating/Growth Capital (Payroll, Sales & Marketing, etc)
-Acquisition of commercial/industrial buildings in locations where incentives for energy conversion are the greatest and the need for energy efficiency exceeds the supply of such structures.