The funds raised in this campaign will be used to refinance two energy efficiency projects for clients. Long-term Energy Service Contracts (ESCOs) were signed between Greenapsis and their clients, providing a comprehensive energy-saving solution. The capital that Greenapsis has invested will be directed toward further market expansion.

The installation and management of automated LED lighting and intelligent devices for remote monitoring and control of electric consumption is performed by Greenapsis and kept under their supervision. Throughout the contract duration, Greenapsis retains ownership of these devices and is the exclusive provider of the energy-saving service.

The essence of an ESCO is a long-term agreement where Greenapsis provides energy savings solutions (in this case, LED lighting and remote monitoring systems). In return, the client agrees to pay based on the energy saved. By implementing these solutions, clients can significantly reduce their energy consumption, and optimize their resources.

Greenapsis offers this service at no initial cost to the client. After the implementation of the solutions, the clients experience savings on their energy bills and a portion of these savings is paid to Greenapsis as a service fee. This model ensures that clients benefit, as their total energy costs is lower than before, even after paying service fees. The energy savings and service fees paid by the client ensure Greenapsis pays back its investors and covers the operations required for the development and management of the project.

In essence, the funds secured from this campaign will be recycled back into the business, allowing it to service more clients and generate revenues. This creates a financially viable model that benefits Greenapsis, clients, and investors.