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Gareth Evans, CEO and Co-Founder of VECKTA.VECKTA is revolutionizing how businesses manage their energy transition and specifically how onsite energy systems are assessed, designed, sourced, financed, and deployed. The company’s platform integrates state-of-theart energy system engineering tools with an end-to-end marketplace that brings together all the stakeholders to successfully deploy onsite energy systems that meet the customers desired business outcomes. VECKTA represents the customers needs and streamlines all the technical, physical, financial, and contractual requirements of designing, optimizing, and deploying an energy solution. Powered by XENDEE, the company designs the optimal microgrid by considering a client’s technical, economic, and physical parameters for optimal cost and schedule-effective results. A unique aspect of what empowers VECKTA to help businesses is its extensive network of equipment providers, project delivery specialists, and financing partners. VECKTA’s marketplace platform puts its customers in control to understand what is possible and then select the optimal solution and partners to design, finance, and build their microgrid. It significantly reduces the burden on clients with limited knowledge of the market by providing competitive pricing and worldwide support.
In addition, based on years of energy and supply chain expertise to automate and streamline design and procurement, VECKTA’s platform helps negotiate and award contracts to enable both energy users and financers to make informed investment decisions.Its transparent contracting features facilitate win-win collaboration and ensures profitable outcomes for all stakeholders. Whether it’s self-finance or seeking a zero money down energy-as-a-service solution, users will gain access to industry-leading technologies and local constructors of all scopes and sizes.
To further illustrate the efficacy of VECKTA, an F&B customer situated in Northern California was experiencing power outages multiple times a year, leading to increased operational costs. The F&B customer sought an efficient and sustainable energy distribution solution that would help them survive an outage for up to a week, guarantee costcertainty over the life of their assets and reduce emissions as much as possible. Before engaging with VECKTA, the customer spent eight months working with one of the leading microgrid developers in the market only to be presented with a contract that did not meet their desired outcomes.
In contrast, it took VECKTA just seven weeks to design, optimize, and source the optimal onsite energy system for their business. The company brought together the processes, tools, and trusted partners required to achieve a 90 percent emission reduction profile, cost certainty for the next 15 years and a system that can support the businesses critical infrastructure to operate offgrid for up to a week. Owing to VECKTA’s expertise and innovative platform, the F&B company’s project was pushed to market and awarded to the leading supplier at no cost to the company.
The opportunity for business around the world to embrace the energy transition and create a more sustainable, secure and profitable future is significant. VEKCTA is here to enableour customers to efficiently assess what is possible to achieve theirdesired business outcomes and then powered by technology and a vibrant marketplace, source the most optimal solution in a competitivemanner. In a world of uncertainty, having control of one of your largest and ever-increasing expenditures, energy, while being able to achieve optimal business financial, operational and sustainability outcomes is a must. Today you can source an energy solution customized to your business in weeks-months instead of months to years for zero money down. Embrace this opportunity and take control of your energy future today!
Established in 2019, VECKTA’s founding team and founding investors (Worley & Xendee) recognized the growing need to disrupt and empower the world’s energy systems. The company’s name ‘VECKTA’ was derived from the word ‘vector,’ which stands for ‘having, and providing direction and scale.’ Staying true to its name, VECKTA has built a globally recognized team of experts backed by its innovative platform and has successfully implemented onsite energy systems and mocrogrids for many businesses across multiple industries. The company is currently in the midst of a fundraising round to continue its accelerated growth and expansion. “Businesses around the world want more operational reliability, security, sustainable and profitable solutions. Onsite energy solutions can achieve this and more when designed, sourced and developed in the right way. We are simplifying and accelerating the deployment of energy systems by connecting this growing need with the right suppliers in the market, to generate the greatest return on investment and operational value for our customers over the long term. ” concludes Gareth Evans, CEO and Co-Founder of VECKTA.
VECKTA Corporation Secures Major Investment to Revolutionize Onsite Energy Deployments for Businesses Globally
Friday, June 30, 2023
SAN DIEGO, -- VECKTA Corporation, the Energy Transition Platform, has closed another funding round led by Tech Square Ventures and a syndicate of new and existing investors, such as the leading climate fund Volo Earth, Worley, and Cove Fund. As part of the financing, Bill Nussey, Partner at Tech Square Ventures & Engage, author, and Freeing Energy podcast host, will join VECKTA's Board of Directors.
"The world is on an unstoppable transition to clean, lower-cost, renewable energy," says Bill Nussey.
Bill Nussey, new VECKTA Board of Director's member, Partner at Tech Square Ventures & Engage, author, and Freeing Energy Podcast host.
"The world is on an unstoppable transition to clean, lower-cost, renewable energy. While large-scale systems, like power plants & transmission, are an essential component of this transition, these projects can take years, sometimes a decade or longer, to get approved, built, and integrated with the grid," says Bill Nussey.
"Fortunately, VECKTA offers a parallel path forward that is far faster by helping businesses build their own, smaller scale 'onsite energy' systems like microgrids. These systems are more reliable, increasingly cheaper, and always cleaner. My partners and I are excited to work with VECKTA, as they help accelerate the world's shift to a clean energy future and become a global leader in this exciting new part of the energy ecosystem."
Energy is a critical component for businesses worldwide, and as energy prices escalate, reliability decreases, and carbon reduction commitments become more pressing, business leaders are actively seeking solutions. Surprisingly, the CDP reports that only a mere 0.4% of companies possess a credible energy transition plan. The question arises: why is this the case?
In the past, business leaders faced challenges due to a lack of awareness regarding available possibilities, uncertainty about where to commence, and a dearth of reliable guidance. However, with the introduction of VECKTA, these obstacles are being overcome.
VECKTA serves as a cloud-based platform and marketplace specifically designed for onsite energy solutions. It enables commercial and industrial businesses to deploy resources with accuracy, significantly reducing the time wasted in achieving their desired energy goals. Moreover, VECKTA instills a sense of confidence by providing defensible evidence regarding the effectiveness of the deployed systems.
Users of the VECKTA platform can concentrate on the most valuable sites, determine the optimal energy systems for their specific needs, and swiftly receive solid bids from renowned suppliers of energy systems across the globe. The entire process, which typically used to take months or even years, can now be accomplished in a matter of weeks. Additionally, VECKTA diligently monitors the ongoing performance of the implemented systems and offers real-time recommendations, ensuring businesses can successfully navigate current and future opportunities related to their energy transition strategies.
By leveraging VECKTA, businesses can overcome the challenges associated with energy planning and confidently embrace a more sustainable future.
"Businesses globally are collectively leaving billions of dollars on the table! No more pushy and biased supplier pitches or budget-squeezing consulting scopes, and no more wasting time and money exploring options but never taking action - it's time to take control and set your business up for success. Our mission is to deploy more profitable and sustainable energy projects globally than any other company in the world. To do this we continue to surround ourselves with the best in the business and I could not be more excited about the opportunity to work with Bill and the TSV syndicate." adds VECKTA's Founder and CEO, Gareth Evans.
VECKTA is an innovative cloud-based platform and marketplace that caters to the energy needs of commercial and industrial businesses. Its primary objective is to help these businesses achieve multiple benefits, including lower energy costs, enhanced reliability, and reduced carbon emissions. The platform enables users to input information about their buildings and facilities, allowing for a rapid assessment of efficiency, solar power, energy storage, and more complex microgrid options. These options are ranked based on factors such as price, resilience, and emissions, either for a single site or an entire portfolio.
Once the input is provided, VECKTA's system configures the optimal energy system(s) and proceeds to solicit bids from its vast marketplace, which comprises thousands of providers. Throughout the implementation process, VECKTA diligently monitors the ongoing performance of the project, ensuring it aligns with the initially defined goals.
By leveraging VECKTA's capabilities, businesses can confidently achieve their energy-related objectives and drive their energy transformation initiatives, all powered by a cutting-edge technology platform. The platform empowers business leaders to prioritize their core operations, knowing that their energy strategy is being optimized. This creates a win-win situation by delivering favorable outcomes for businesses, generating new customers for suppliers, and contributing to the development of a thriving society.
VECKTA is revolutionizing the onsite energy and microgrid industry by offering a comprehensive solution that benefits all stakeholders involved. To learn more about VECKTA and its functionality, we invite you to watch the accompanying video.
Company
VECKTA
Management
Gareth Evans, CEO and Co-Founder of VECKTA.
Description
VECKTA is the energy transition marketplace platform that seamlessly empowers access to your energy needs. The company was created to revolutionize how microgrids and onsite energy systems are designed, sourced, financed, and deployed. This unique combination enables VECKTA to provide the most advanced platform for the energy transition to customers worldwide.
