Doosan Fuel Cell America:
Doosan Fuel Cell America, Inc. is one of newest additions to Doosan’s 119-year-old legacy of global industrial and energy related companies. Founded in 2014 following the acquisition of the assets and intellectual property of the former UTC Power (a division of United Technologies), the company is built on the experience of its employees and the more than 50 years of broad investment and development in fuel cell technologies that accompanied the acquisition.
VFS is a (VAR) Value Added Reseller of Doosan Fuel Cells that provides financial solutions for Doosan’s customers. VFS utilizes Government, State and local incentives along with a high residual value that allows the end user “highly leveraged financing”, with low monthly payments. VFS is also a Doosan customer with over $60M worth of fuel cell assets under VFS management.
Diverse Customer Base
Kimberly LED Lighting:
In addition to partnering with our clients, we have a unique partnership to provide lease financing to support the sales of LED lighting by Kimberly Lighting. Our mutual clients can take advantage of our low lease rates to go green, and improve their current lighting while realizing significant energy and other savings.
Kimberly offers LED replacement lighting solutions for all high volume, high usage lighting applications. Businesses that keep many traditional incandescent or fluorescent lights burning for 10 hours or more can realize significant savings in energy costs merely by replacing the bulbs. Candidates would include restaurants, lighting stores, car dealerships, parking lots, and many others.
For most applications, Kimberly Lighting can propose an LED replacement light solution that will provide improved lighting with significant energy savings. Most indoor lamps are dimmable, and parking lot lamps are 100% made in the USA!
As the replacement bulbs have a high per unit cost, VFS provides financing that enables qualified clients to start realizing the energy savings with no upfront costs. Our lease rates are typically 40-60% of the client’s monthly savings, and Kimberly provides a 6-year maintenance and bulb warranty, which contributes savings in replacement bulb and labor costs. In addition, at the end of the lease, clients may purchase the bulbs for the 10% security deposit they provided at lease inception.
Our process is simple and fast:
⦁ Clients with potential high energy savings complete VFS, LLC credit application found on our Services page and email the completed form to ⦁ email@example.com.
⦁ VFS quickly reviews the application and, and if client is qualified for financing, will request a Kimberly Lighting specialist to contact potential client to determine possible energy savings, and to develop a proposal that will include purchase prices, projected monthly cost savings, and proposed monthly lease payment.
⦁ If lease terms are accepted, clients will sign and return the proposal to Kimberly.
⦁ VFS will prepare and execute documents required to complete the lease
⦁ Clients provide a 10% security deposit (returned at end of original lease term, or applied as end of lease purchase price) and first month’s rent. VFS pays Kimberly the quoted purchase price.
⦁ Client’s provide ACH payments monthly and the savings, which may be as high as double the lease payment, commence.
The economic and environmental benefits are compelling and measurable. Typical 48 month lease economics for a restaurant replacing 200 60 watt bulbs with 200 15 watt LED lamps would be:
Purchase price $10,000
Monthly lease payment $220
Monthly energy savings $390
Net monthly savings $170 plus savings from replacement bulbs and labor
All replacement configurations provided by Kimberly would be expected to achieve similarly significant savings achieved quickly and easily. To view Kimberly Lighting solutions, visit www.kimberlyledlighting.com