Spark's upcoming beta platform will focus on energy efficiency and renewable energy projects, primarily building retrofits like LED upgrades, HVAC, boilers, water efficiency, building automation systems, heat pumps, etc. We're targeting projects in small businesses, community organizations like churches, charter schools and non-profits, and mid-scale commercial and industrial facilities.
Luckily, efficiency projects with three to five year paybacks are generating significant current year cashflow through avoided energy or resource costs, meaning Spark can offer solid returns and short tenor notes, lowering temporal risk to our investors. Specifically, we generate returns for our investors based on the revenue we receive from lease payments made by the project recipient.
Luckily, efficiency projects with three to five year paybacks are generating significant current year cashflow through avoided energy or resource costs, meaning Spark can offer solid returns and short tenor notes, lowering temporal risk to our investors. Specifically, we generate returns for our investors based on the revenue we receive from lease payments made by the project recipient.