GE Lighting establishes ESCO energy services program
Cleveland GE Lighting has established an ESCO Energy Services Program and alliances with selected energy services companies (ESCOs). Through the program, GE aims to help customers explore energy strategies that take into account such factors as cost-of-light payback, return on investment, rebates, financing and government incentives that can reduce investment costs.
“The ESCOs involved meet high customer service, integrity and credibility standards,” said Lou Mane, ESCO sales development manager with GE Lighting, a unit of GE — Appliances & Lighting. “By working together, we‘re better able to develop comprehensive strategies for customers’ lighting and electrical controls, motors, drives and overall building management. These alliances enhance our ability to help customers develop all-encompassing plans for energy savings.”
The primary focus of this approach is to analyze, design and implement solutions that work together to conserve energy for customers over the long term. Throughout the process, including planning and installation, GE’s specification team will work closely with customers and ESCOs to create customized plans that ensure optimal energy-saving results and seamless transitions.
Mane said the ESCO relationships enable GE to go far beyond the circuit breaker, switch and lamp.
“We want to help customers meet and exceed their energy goals, specifically in commercial, property management, government, institutional, retail, healthcare, and industrial settings where energy savings can provide a strategic advantage,” he said.
Tempting offer attracts wrong shoppers
Several years worth of significant price deflation had already put flat panel televisions within the reach of most consumers, and, this week, Target removed another potential barrier with the introduction of a limited-duration 0% financing offer. Shoppers have one week to sign up for Target’s REDcard and pay no interest until September on the purchase of television’s larger than 32 inches. The offer was featured on the cover of this week’s circular, and the company distributed a press release announcing the promotion. Historically low-interest rates make it easy for retailers to offer “same as cash” type financing offers, but you have to wonder about the credit quality of the customers who respond to such incentives, considering a 42-inch LCD can now be had for less than $500. It may not be a very scientific way of evaluating risk, but chances are if an individual’s cash flow is such that they can’t swing the purchase of budget priced flat panel outright they might not be a good addition to Target’s credit portfolio.
Best Buy helps teens donate $1 million
Best Buy announced that teens participating in its @15 Exchange distributed $1 million to 16 nonprofits in the program’s first year. The Best Buy initiative empowers teens to be the drivers of change by giving them the opportunity to direct the company’s charitable donations through online activities and voting.
“The overwhelming response to the @15 Exchange demonstrates that teens are motivated by opportunities that allow their voices to be heard,” said Brian Dunn, CEO of Best Buy. “Best Buy is thrilled with the efforts of the nonprofit partners to bring the @15 mission to life and empower teens to use these diverse and powerful voices for social good.