Financing the energy transition

Eaton and BNP Paribas Leasing Solutions launch new finance solution for businesses and building owners.

Eaton has joined forces with BNP Paribas Leasing Solutions to offer a tailored finance solution to help business owners accelerate their energy transition while preserving cashflow.

In an era of elevated energy prices, business owners are increasingly looking to invest in technology that will help them to reduce energy costs and ensure business continuity. Energy storage, uninterruptible power supplies (UPS) and EV charging infrastructure can help achieve these goals.

The solution developed by Eaton and BNP Paribas Leasing Solutions offers a predictable fixed payment that includes infrastructure and equipment, as well as access to Eaton’s global service network.

Andreea Laplace, strategic financing and venture business development director at Eaton, said: “By taking an integrated approach to the energy transition, businesses will reap additional cost-savings and reduce their carbon footprint. Our Buildings as a Grid approach can include any combination of EV charging infrastructure, energy storage and renewable generation, but implementing all three yields most benefits.

“Our EnergyAware UPS combines UPS technology with advanced energy storage functions to protect valuable equipment from power disturbances, while also leveraging batteries to reduce operating costs or earn money from energy market participation.

“The financial solution we are offering with BNP Paribas Leasing Solutions gives customers access to energy transition technologies affordably, helping them to conserve cash while at the same time making a positive environmental impact.”

Pascale Favre, head of the Technology Lifecycle Solutions business line at BNP Paribas Leasing Solutions said: “Eaton’s approach is in line with our aim to support our clients’ transition with our Group strategic plan: Growth, Technology, Sustainability 2025. This is why we are looking forward to accompanying Eaton and its customers in deploying sustainable infrastructure and equipment.”

The finance programme is available now in France, Spain, Switzerland, Norway, Germany and the UK, with further European expansion planned for later in 2023.

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