Quimera Energy and Suma Capital announce a major step forward in their strategy to reduce energy consumption.
Quimera ESCO has signed new contracts with 3 of the leading global hotel chains initiating projects in Germany, Greece and Spain that will deploy its proven innovative energy efficiency methodology to substantially reduce energy consumption at their properties.
In March 2016, Suma Capital Energy Efficiency Fund, and the energy division of Quimera Group, Quimera Energy, created a joint venture that operates under the name Quimera ESCO. This joint venture’s aim is to improve energy efficiency and minimize energy consumption for the hospitality sector so lowering its emissions.
The first energy services contract signed by the new company, Quimera ESCO, was with one of London´s landmark hotels, Andaz Liverpool Street Hotel by Hyatt. As a result, Quimera ESCO has been able to deliver energy savings in excess of a 20% at this property. This has also been achieved without any investment required from the Hotel. Following the delivery of these impressive savings at their London property, Hyatt Hotels Corporation has recently expanded the scope of this agreement signing a new contract with Quimera ESCO to implement the energy optimization project for Hyatt Berlin with the objective of extending the collaboration across their properties in Europe.
In addition to the Hyatt contracts, a further two leading global hotel brands have also selected Quimera´s approach to energy efficiency and cost reduction for their properties. This has resulted in Quimera ESCO, starting new pilot projects in Athens and the Canary Islands , aiming to expand our collaboration with these two groups across their portfolio of properties globally.
This demonstrates that, Quimera ESCO, with the support of Suma Capital continues to consolidate it’s position as a global leader and preferred partner of the world´s most renowned hotel groups enabling them to achieve energy optimization and cost reduction at no cost to themselves based on the proven “no savings-no fee” business model. Suma Capital intends to continue accompanying Quimera ESCO in its global expansion as it has been doing over the past year, with a focus on growing Quimera ESCO’s operations in Europe.
About Suma Capital. Suma Capital Energy Efficiency Fund is the first Spanish fund that supports energy efficiency initiatives. Through its leading technology partners Suma Capital helps to finance projects that contribute to reduce emissions and promote sustainable technologies. This transaction represents the fund’s seventh investee, carrying out more than 60 projects in this area and saving over 44,000 tonnes of CO2 per year.
About Quimera Group. Quimera Group is an international company that provides its customers with solutions in the field of energy management and sustainable mobility. Its energy division, Quimera Energy adopts a retro-commissioning approach to energy efficiency, focusing on generating energy savings and minimising emissions and carbon footprint by implementing its innovative business model. QE’s proven methodology in reducing energy consumption has already been recognised by the biggest players of the global hospitality industry and as a proof of this recognition Quimera Energy is already providing energy efficiency and inherent cost reduction programs to a large number of the most renowned global hotel chains worldwide.