Mcloud signs first assetcare™ agreement to reduce energy costs of auto dealership transitioning to ev charging in new york state

Initial agreement delivers mcloud's assetcare buildings solution to manage the energy efficiency of auto dealership in con edison territory of bedford hills, ny over a 17-year term solution leverages cloud-based ai to manage energy consumption of ev chargers using battery storage and solar to continuously optimize energy use to reduce costs and carbon footprint signed lois in place to connect 15 additional dealerships in new york with total expected value of more than $14 million mcloud targeting over 2,000 other auto dealerships in new york and california san francisco , march 21, 2022 /prnewswire/ - mcloud technologies corp. (nasdaq: mcld) (tsxv: mcld), ("mcloud" or the "company") a leading provider of ai-powered asset management and environmental, social, and governance ("esg") solutions today announced it had signed an agreement on march 17, 2022 to deliver its assetcare for connected buildings solution to manage the energy efficiency of the vail buick dealership in bedford hills, new york, the first of 15 planned installations for auto dealerships in new york state to help control rising energy costs in the electric vehicle ("ev") era. mcloud will deploy an innovative combination of ai in the cloud, solar power generation, and battery storage to continuously manage the energy cost and carbon footprint of the entire dealership, including the substantial increased energy consumption from ev charging now being implemented onsite.
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