SinglePoint Inc (OTCQB:SING) announced that its Frontline Power Solutions (FPS) subsidiary has closed on a 3.1 million kilowatt hour (kWh) energy services contract with a national property management firm, saving the client approximately $800,000 during the contract term.
The company noted that this recent success marks the second large energy contract procured by Frontline Power Solutions, demonstrating its promising future.
"These early successes for FPS are exciting developments. The ability to close deals of this size with national firms continues to demonstrate the capability of our teams,” SinglePoint CEO Wil Ralston said in a statement. “The buildings we are working with to provide energy contracts are perfect examples of how our integrated approach will help drive additional business for our other companies in solar, energy storage, and EV (electric vehicle) charging solutions.”
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SinglePointed noted that Frontline Power Solutions is a licensed energy services company, or ESCO, operating in fifteen states and providing electric and gas contracts to commercial companies in deregulated states.
With 20 years of energy experience, it said FPS' deep relationships provide detailed energy procurement and curtailment strategies for commercial businesses. The company is dedicated to helping companies to navigate and obtain the best-available means to gain an energy supply across deregulated markets.
SinglePoint is a sustainable lifestyle company in the solar energy and air purification markets. The company plans to build the largest renewable energy solutions network and modernize the traditional solar energy and energy storage business model.
SinglePoint continues to execute its acquisition strategy by exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and healthier life.
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