LONDON, UK: The Board of Directors of Triple Point Energy Transition (TENT) has completed the funding of its first energy efficient lighting opportunity. TENT has provided funding of £1 million to a lighting solutions provider, which has installed efficient lighting and controls at a large retail logistics specialist.

Energy efficient lighting equipment and the optimisation of lighting management through efficient controls are important and relatively straight forward actions to save money and to reduce the carbon footprint of buildings.

Companies can enhance their estates and day-to-day operations through improving their lighting which creates the ability to tailor the lighting solution to the right levels of illumination, reduce carbon wastage and save money.

The transaction is structured as a Lighting As A Service (“LAAS”) arrangement, with Triple Point Energy Transition receiving a contractual income from the logistics specialist over a five year period. The logistics company is part of a broader group with an investment grade credit rating.

John Roberts, TENT’s Chair, said: “The installation and operation of tailored, energy efficient lighting equipment is a long-term positive improvement for a business’ operations, staff and customers. This investment is the first that Triple Point Energy Transition has made in the lighting sector, bringing further technological diversification to our portfolio. TENT and the logistics company have identified specific opportunities to work together on further LAAS arrangements over the coming year.”