Fully-managed LED lighting upgrades for CRE portfolios in Singapore, Southeast Asia, and Japan
With over 6M lights under management today.
You want energy-efficient light without the risk and hassle of a costly upgrade. Since 2009, we've upgraded over 9,000 facilities with LaaS, removing the main barrier to energy-saving facility upgrades: considerable capital expenditure with long payback periods and disappointing returns.
With Lighting as a Service, we cover 100% of the cost of your LED lighting upgrade while handling every aspect of the installation and maintenance for five years. You benefit from lower energy bills, streamlined facility management, and none of the risk of a capital project.
Apart from surveys, installation, and maintenance, we take responsibility for the constant operation of the lights. So say goodbye to 100% of the cost of replacements, stocking, and staff time.
Our SLA covers colour shift, flicker, and drop in brightness of 30% with replacements within 24 hours.
We recover our investment through a fixed monthly service fee, generating a modest, reliable, and low-risk return.
We automatically set the fixed monthly service fee to our lowest required return, maximizing your monthly return. There are no other charges and you never pay anything other than the fixed monthly service fee. We do not "share" your savings, so you don't pay any more than necessary.
For most building types, our monthly service fee is less than your monthly savings, so your LaaS generates instant positive cash flow from the first month. That's an instant monthly return with no payback period, no risk.
We're able to scale LaaS to thousands of active sites because we've engineered our LED lights specifically for this model. Our Nippon LED line is 30% more energy-efficient than commercial LEDs and practically maintenance-free during their rated lifetimes (50,000 to 100,000 hours). Compare to commercial-grade lighting that expects a 50% replacement rate over their rated lifetime.
The result is a product line that maximizes customer returns while reducing carbon footprint and minimizing investor risk. Not to mention, we reduce landfill waste by 50:1 over the lights rated lifetime.
Purchase of Nippon LED lighting is available with an all-inclusive five-year warranty that includes labour and lifts at no extra charge.
Our technicians work with your facility management team to collect information on your current lighting, operating hours, and energy tariff. Within a week of a thorough survey, we submit a proposal for management review. When approved in-principle, we install a product mockup to verify the calculated savings % and validate our model.
To ensure quick and painless delivery, we partner with local installation contractors with excellent project management and safety records. Installation can begin 4-6 weeks after signing the service agreement.
Your first payment is due one month after we complete the installation, so you generate positive cash flow even before your first payment.
Over 9,000 commercial, industrial, healthcare, and retail facilities upgraded with Centropi's Lighting as a Service.
We set the fixed monthly service fee to generate the minimum required return on our investment. In contrast to Energy Performance Contracting models, we do not "share" your savings. When you save more, our fee stays the same because we're happy generating our minimum return. This maximizes your ROI and avoids the need for monthly audits for thousands of facilities, in turn simplifying our operations and allowing us to set a lower monthly fee.
Although we're unable to guarantee a dollar amount you will save every month, we do guarantee the wattage of our lights for the duration. This allows for accurate calculation of the savings factor, the % savings generated. So for facilities with fixed operating schedules, a thorough survey of your lights allows us to estimate your current energy usage and LaaS savings for the next five years with reasonable accuracy.
Every aspect of operating and maintaining the lights is our responsibility, so there are never any additional charges. We cover the cost of site surveys, consulting, product/hardware/controls, labour & equipment for installation and maintenance during your service agreement. Apart from the fixed monthly fee, you only have to pay your (smaller) electricity bill.
Every facility is a good candidate for LaaS. LED upgrades generate the highest ROI for facilities with long operating hours, non-LED lights, and a relatively high energy tariff. But if you plan to turn over your current lights within five years, then upgrading all at once with LaaS is a no-brainer.
Many of our clients were disappointed in the quality of their LED lighting and find themselves spending more on maintenance than they planned. Replacing your LED lights with ours will eliminate your maintenance costs and lower your energy consumption.
If you need to end the agreement for any reason, we offer the option to terminate early for 80% of the remaining value of the contract. This may be useful for divested properties or asset portfolios with holding periods shorter than five years.
During the service agreement the lights remain ours, but we reserve the right to abandon them in-place once the contract expires.
Apart from coast-to-coast operations in Japan, we are currently expanding LaaS to Singapore and developing field operations partners across Asia Pacific. We're also happy to work with your preferred electrical contractor.
If you're an electrical contractor with an excellent record for safety and project management and a history of large, complex lighting installations, do get in touch, we'd love to explore a partnership.
We do offer our investment-grade lighting packages as a direct Capex purchase with supply & installation or just supply of lights and controls. Purchases are discounted from LaaS contract values. This option presents value for companies with green financing required to be deployed toward sustainability improvements, and for companies with restrictions on the length of service agreements they may enter.