CAC 2000 and Tropical Battery joint venture

Jamaica Stock Exchange Junior Market listed, CAC 2000 and Tropical Battery Company announced the joint formation of ENERVATE Limited, which is owned 50 percent by each party, is a Jamaican incorporated company that will start offering its product and services to the public at the beginning of June.

The joint venture will be led by Steven Marston, former CEO of CAC 2000. According to a release by the company, ENRVATE will adopt a unique approach to establishing energy saving solutions for our commercial customers in Jamaica and the Caribbean by focusing on real-time measurement and monitoring of energy consumption, using the resulting data to identify, design, and execute energy and water saving opportunities.
“The goal is to work with customers to achieve minimum savings of 25%, with the ultimate achievement being net-zero consumption. Enervate plans to develop innovative financing solutions for qualified customers through the issuance of a Green Bond along with equity capital.
The “joint venture is in line with CAC 2000 strategy to develop complementary partnerships which are in keeping CAC’s purpose of Improving People’s Lives by excelling as the leading experts on energy and Indoor Environmental Quality, by engineering solutions and providing products and services that sustain healthy, comfortable and productive indoor environments, actively generating energy savings for our customers, whilst improving and diversifying our revenue streams, the release goes on to states. Tropical Battery has over 70 years of experience in the energy storage business.

About IC