GE (NYSE: GE) announced a new financing solution for facilities that need to upgrade or expand their current mission-critical electrical infrastructure. GE Capital, the company’s financing arm, is offering the first-ever financing program for uninterrupted power supply (UPS) systems.
Organizations such as healthcare facilities, financial institutions and data centers typically use UPS systems to provide uninterrupted power in any situation in which an unexpected — and extended — power disruption can occur.
In the past, retrofitting UPS systems required large up-front capital expenditures. GE Capital is now offering financing to qualified customers who purchase systems such as the SG Series UPS with eBoost™ software. Customers can arrange a single monthly payment that covers the product as well as installation and regular maintenance services.
“The benefits of financing a UPS retrofit can be significant,” said Diane Cooper, general manager of GE Capital’s Equipment Finance business. “Businesses may benefit from energy cost savings while spreading their payments out over time, creating the potential for positive cash flow on a monthly basis.”
The financial benefits of financing are driven by the UPS systems’ increased power quality efficiency. eBoost increases power quality in new and existing facilities with up to 98.5 percent efficiency.
“As energy demand continues to grow, finding innovative ways to increase efficiency in a low-cost manner becomes even more important to organizations,” said Jake Ring, chief marketing officer of GE Energy Management. “Data centers are estimated to consume 2 percent of the U.S. electrical grid’s capacity. It’s critical that our customers obtain increased efficiency while also reducing energy consumption without sacrificing reliability.”
GE’s eBoost software provides UPS modules with high-efficiency and fast-power transfers. It continuously monitors utility power quality and activates double conversion mode only when utility power quality falls outside the user’s power quality requirements, reducing the amount of time spent in a less efficient traditional double conversion mode. The software also allows the user to bypass the power conversion under normal power system conditions, which in turn saves energy.
The transfer from high-efficiency mode to inverter can be completed within 2 milliseconds after eBoost recognizes that the system fails to meet the user’s power requirements. The software also increases reliability and redundancy by enabling up to six UPS modules to operate in parallel and by eliminating single points of failure.