FuseForward is excited to announce that we have entered into a financing agreement with RE Royalties Ltd., a global leader in renewable energy royalty-based financing, for our smart infrastructure solutions. The financing will fund our growth into the smart infrastructure sector, enabling us to expand our product offerings across smart cities and campuses.
This new funding will support the development of new products that will enable educational institutions and municipalities to:
- use advanced network infrastructure, internet-connected devices, and digital twins to build operational efficiencies and improvements into their sustainability programs,
- reduce cost by streamlining processes and automation,
- improve the management and security of data.
Mark Damm, CEO of FuseForward, commented, “RE Royalties is providing us with a unique financing solution to help grow our business and expand our smart infrastructure product offering for our customers. This partnership will enhance our ability to develop new and meaningful technology solutions that contribute to the sustainability of our built environment.”
Bernard Tan, CEO of RE Royalties, commented, “This transaction offers RE Royalties an opportunity to move into the smart infrastructure space, a key component of the low carbon energy transition, and critical next horizon for advanced energy efficiency and increased integration of distributed renewable energy resources. Buildings contribute over 13% of Canada’s annual greenhouse gas emissions and we are excited to partner with the FuseForward team in bringing forward market solutions to help reduce emissions.”
About RE Royalties Ltd.
RE Royalties Ltd. acquires revenue-based royalties from renewable energy generation facilities by providing a non-dilutive financing solution to privately held and publicly traded renewable energy generation and development companies. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns 98 royalties on solar, wind, storage and hydro projects in Canada, Europe, and the United States. The Company’s business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.
FuseForward is an industrial cloud solution provider based in Vancouver, offering advanced computing infrastructure and digital transformation solutions for critical industries such as utilities, cities, real estate, education, and healthcare. FuseForward has developed systems to manage the vast amount of data generated by internet-connected devices, delivering smart analytics solutions that can help organizations optimize operations, reduce emissions, and improve sustainability.