Promise Energy Signs Major US Distribution Agreement with Baymak Solar Storage Tanks

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Agreement expands Promise Energy’s complete solar hot water solution for multifamily buildings and affordable housing in California.

Promise Energy - Solar Hot Water Solutions

Promise Energy offers Solar Hot Water Solutions

Promise Energy is providing multifamily building owners a simple, affordable path to solar water heating.

Promise Energy, an affiliate of Adam Capital - a leading clean energy finance company - has announced a major US distribution agreement with Baymak, a division of BDR Thermea - a global leader in solar heating and storage equipment.

Promise Energy provides full-service design, engineering, installation and financing for solar hot water systems for multifamily affordable housing, apartment buildings, hospitals, hotels and other commercial buildings. Baymak has been a leading European manufacturer of equipment for heating and domestic hot water since 1967.

The agreement allows Promise Energy to offer Baymak’s 265-gallon tanks to their commercial customers in the US, while expanding Baymak’s international distribution of its leading enameled steel solar hot water tanks. The tanks will be offered as part of a complete package including Promise Energy’s no-money-down financing for qualified buildings.

“We’re proud to partner with Baymak, one of Europe’s leading solar thermal equipment manufacturers, to offer Promise Energy customers top-quality solar water heating systems,” said Michael Boucher, who leads business development for Promise Energy. “One of the key advantages of solar hot water is the ability to store solar energy overnight. These well-designed, durable tanks form an integral part of the complete solar hot water solution we offer our commercial customers.”

“This partnership with Promise Energy allows us to expand our presence in the rapidly growing market for commercial solar hot water systems in the US,” said Tacnur Yilmaz, export deputy manager for Baymak-BDR Thermea Group. “We see enormous growth potential in Promise Energy’s full-service approach to this market - including design, installation and financing – and we look forward to expanding our partnership in the near future.”

“We’ve chosen high-quality solar thermal equipment for Promise Energy’s financing package, because the company will be owning and operating these systems for 20 years or more,” said Adam Boucher, CEO of Adam Capital. “By combining industry-leading equipment and engineering with Adam Capital’s financing expertise, Promise Energy is providing building owners a simple, affordable path to clean, renewable solar water heating.”

About Promise Energy:

Promise Energy is a full-service solar hot water provider dedicated to scaling the commercial solar water heating market. Founded by the leadership team at Adam Capital Inc., to overcome market barriers in solar hot water, Promise Energy combines standardized system design and no-money-down financing to provide qualified building owners a turnkey solution to saving money with solar water heating. By partnering with leading equipment suppliers; experienced system design and engineering firms; and a network of licensed solar hot water installers, Promise Energy is bringing scale and reliability to this important renewable energy market.

About Adam Capital:

Utilizing senior-secured debt as their primary investment strategy, Adam Capital has become a leader in funding clean energy projects. We specialize in financing, constructing, owning and operating clean energy assets with longterm cashflows. Adam Capital was one of the first asset-based lenders in the country to leverage ITC cash grant payments and other local incentive rebates as collateral, and we continue to be an innovator in community-scale clean energy finance. We have funded hundreds of projects in multiple states and utility districts, serving the needs of individuals, schools, non-profits, and businesses. With the launch of Promise Energy, we are bringing our proven success and expertise to the commercial solar hot water market.

About Baymak:

Baymak, a division of BDR Thermea, has been a leading manufacturer of heating and water technology systems for more than 40 years. Baymak exports solar hot water equipment to over 50 countries and employs more than 600 workers at its 60,000 square meter production plants in Istanbul. BDR Thermea, based in the Netherlands, is a world leading manufacturer and distributor of innovative heating and hot water systems and services. The company generates over $2 billion in annual revenue operating in more than 70 countries worldwide, and holds top market position across much of Europe. BDR Thermea’s Combined Heat and Power (CHP) solutions improve the way homes and businesess use our limited fuel resources by generating electricity at the point where it is used, thereby reducing energy losses and CO2 emissions.

Contact:

Kevin Pickett

Director of Marketing and Sales, Promise Energy

Email: kevin(at)promiseenergy(dot)com

Tel: (480) 253-8925

Web: http://www.promiseenergy.com

Andrew Mannle

Communications Director, Adam Capital

Email: Andy(at)adamcapital(dot)com

Tel: (707) 938-7207

Web: http://www.adamcapital.com

Taçnur Yilmaz

Deputy Export Manager

Baymak&BDR Thermea Group

Tel: +902165816509

Fax: +902163041964

Email : tacnur.yilmaz(at)baymak(dot)com(dot)tr

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