Octus Inc.(fka OCTI)

[OCKHAM'S RAZOR]

Think there is some real potential here...imo

Octus Joins Ygrene Energy Fund to Implement Clean Energy Finance Program for the City of Sacramento


City staff and elected officials should be commended for their vision and leadership," said Octus CEO Chris Soderquist. "PACE financing will enable Sacramento property owners and contractors to implement clean energy projects. Our collaboration with Ygrene will be a vital component of the program's success, evidencing how Octus's PACEWorks platform fuses private capital and clean energy technologies to make PACE a reality."

Octus and Ygrene estimate that, over the next five years, PACE-funded clean energy improvements in Sacramento will create more than 1,500 jobs and generate $264 million in economic output.

"This is a big deal for Sacramento, what I believe will be remembered as a tipping point for our economy," said Sacramento Mayor Kevin Johnson. "Ygrene, Octus and Barclays Capital can help us achieve a triple bottom line: Create jobs, slash utility bills, and reduce our carbon impact. With the deployment of $100 million in private capital and the engagement of local companies like Octus to drive investment, Sacramento is on pace be one of the most sustainable, green cities in the country."

"The City of Sacramento is poised to lead California's clean energy economy and we are proud to be a part of the program," said Dan Schaefer, president of Ygrene.

About Octus
Octus, Inc. (OTC.BB: OCTI.PK - News) is a leading resource efficiency company headquartered in Davis, California that significantly reduces the utility costs of commercial, multi-family and institutional buildings through the financing and implementation of energy-efficient lighting, HVAC and water management systems and products. Octus operates three complementary businesses: EfficiencyWorks (energy retrofit projects), RebateWorks (utility rebate procurement), and PACEWorks (clean energy financing). You can learn more about Octus at http://octusenergy.com, and more about PACEWorks at http://paceworks.net.