Business
Frontline Power Solutions, a Subsidiary of SinglePoint, Inc., Closes on a 4.5 Million kWh Energy Services Contract with a Leading National Commercial Real Estate Company
Frontline Power Solutions, a Subsidiary of SinglePoint, Inc., Closes on a 4.5 Million kWh Energy Services Contract with a Leading National Commercial Real Estate Company.
About this update from Singlepoint, Inc.
[{"type":"text","content":"\n\n\n\nFrontline Power Solutions, a Subsidiary of SinglePoint, Inc., Closes on a 4.5 Million kWh Energy Services Contract with a Leading National Commercial Real Estate Company\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFrontline Power Solutions, a Subsidiary of SinglePoint, Inc., Closes on a 4.5 Million kWh Energy Services Contract with a Leading National Commercial Real Estate Company\nPR Newswire\nPHOENIX, Dec. 13, 2022\n\n\n\n-As Energy Costs Rise, Businesses Seek Affordable and Secure Energy Solutions\n-FrontLine Power Solutions (FPS) is SinglePoint's Latest Transaction in Energy Services Sector\nPHOENIX, Dec. 13, 2022 /PRNewswire/ -- SinglePoint, Inc. (OTCQB:SING) announced today that its subsidiary, Frontline Power Solutions (\"the Company\"), closed on a 4.5 million kWh Energy Services Contract representing its largest contract to date since being acquired by SinglePoint. The Company is a licensed energy services company, \"ESCO,\" operating in 15 states and providing electric and gas contracts to commercial companies in deregulated states. With 20 years of energy experience, Frontline Power Solutions' deep relationships provide detailed energy procurement and curtailment strategies for commercial businesses. The latest transaction will save approximately $800,000,00 in energy costs over the contract term.\n\n \n \n \n \n \n \n\n \nEnergy costs have significantly increased throughout 2022, as high as 200%, and are projected to be a challenge for businesses. Frontline Power Solutions provides clients with strategic energy procurement strategies, resulting in reduced and predictable power costs for years. Procuring energy directly from the utility can result in increased energy supply rates. However, customers of Frontline Power Solutions can lock in their rates at a discount as outlined by this recent transaction. John Holmes, Frontline Power Solutions CEO, said, \"We are excited about this being the largest transaction since being acquired, which is one of many in our current pipeline. Our customers have relayed their concerns about powe...