Jan 18 2010
RenewableOne, LLC, co-founded by Craig Laher, Managing Director of international real estate development and investment company ProVisions, LLC of Bingham Farms (Detroit), Michigan and prolific inventor Robert D. Hunt of Long Beach, Mississippi, announces the launch of its RenewableOne Franchise Store System.
Hunt, who provided the initial inspiration for RenewableOne, is also founder of a series of successful renewable energy companies, such as Linear Power, Ltd., developer of the long-stroke free-piston engine and Sprague gear transmission that are licensed to Green Well Power the world's leading company in oil and gas / geothermal co-production, which recently signed a multi-million dollar project financing deal with Free Green Energy of Houston for the conversion of 200 end-of-life oil and gas wells into long-life electrical power generators expected to cost $280 million. Pyramid Solar Renewables, with its flagship product a solar building material for sustainable building design, provides structural load-bearing roofs and walls that produce electrical power, heats and cools buildings, and produces fresh water. The Hunt inspired companies also include the license of the free-piston engine and Sprague gear transmission to Kinetic E, LLC, another joint venture with ProVisions, LLC for the development of a compressed air powered car. The multiple innovative new renewable energy generating products encompass the entire spectrum of renewable energy that will be represented exclusively by, and can only be purchased at, RenewableOne Franchise Stores as they plan to expand Nationwide.
RenewableOne Co-Founder and CEO Craig Laher, who is also Managing Director of ProVisions, LLC stated, "Once we envisioned the enormous potential from the seamless integration of Mr. Hunt's renewable energy power generation technologies into building envelopes, as well as Mr. Hunt's extensive renewable energy company relationships and project renewable energy development expertise combined with our broad based real estate development and 'green building' (LEED® Certified) development knowledge and experience, we knew we had the capability to create something truly unique. We then needed a vehicle to bring it all together, which is how and why RenewableOne was formed to deliver the Power in Real Estate."
Two breakthrough franchise concepts are integrated into the RenewableOne Franchise Concept: The franchise facility itself is an operating power plant with substantial revenues guaranteed by long-term power purchase contracts; and, The "Renewable Energy Deal Room" that draws on the organization's ability to structure and to finance renewable energy projects, access State and Federal incentives such as the thirty percent renewable energy tax credit rebate on renewable energy investments. Franchisees with support from RenewableOne structure renewable energy projects in the deal room with local accredited investors and become participants in the projects' revenue stream once the projects are placed in service. The franchisees also have a lot of opportunities outside of the franchise store, such as the sales of renewable energy products to cities, counties, states, hospitals, and military facilities. They also can earn from installations, maintenance, and repair of renewable energy equipment within their franchise service area.
While RenewableOne is placing a great deal of emphasis on it proprietary products and its renewable energy project structuring capabilities, Robert Hunt added, "There are thousands of renewable energy and green products on the market; and, other companies have created very successful renewable energy stores, proving that we are pursuing a valid business model; however, we believe we provide our franchisees a good selection of exclusive renewable energy products that are superior in performance and that deliver capabilities that no competing products can match, such as our solar building material that forms a building's entire exterior envelope."
Source: http://www.renewableone.com/