Frontline Power Solutions, Part of SinglePoint Inc., Clinches Major 7.1 Million kWh Energy Services Deal with National Property Management Leader

PHOENIX AZ / ACCESSWIRE / October 25, 2023 / SinglePoint Inc., (OTCQB:SING) ("SinglePoint" or "the Company"), a Company focused on renewable energy and sustainable lifestyle sectors, is excited to announce, Frontline Power Solutions (FPS), has solidified a significant exclusive energy advisory agreement and a substantial 7.1 million kWh energy services contract with renowned national property management firm. This strategic move is set to generate approximately $110,000 in cost savings for the client over the term of the contract, reinforcing FPS's standing as a vital ally for all clients aiming to optimize energy savings across their portfolios.

Foto: Accesswire

This pivotal achievement represents the second-largest energy contract in FPS's impressive track record, highlighting the opportunity for exponential growth having achieved over 100% since SinglePoint's strategic investment. This growth trajectory underscores the subsidiary's bright future and its capacity to generate value for its stakeholders.

Wil Ralston, CEO of SinglePoint, comments: "Our dedicated sales teams across all divisions have shown unwavering commitment and expertise, with Frontline Power Solutions exemplifying our integrated value proposition for commercial customers. Combining our offerings in Solar, EV Charging, Energy Storage, and energy brokerage services with top-tier energy providers, we ensure comprehensive energy solutions for our clients. We are able to work with our clients to reduce energy costs, build long-term value, and align with green energy mandates. These long-term contracts not only signify a recurring revenue stream for SinglePoint but also demonstrate our commitment to sustainability and market leadership."

Frontline Power Solutions operates as a licensed energy services company (ESCO) in fifteen states, delivering electric and gas contracts to commercial entities in deregulated markets. FPS leverages its two decades of energy industry experience to provide clients with intricate energy procurement and management strategies, ensuring optimal outcomes in today's complex energy landscape.

The United States deregulated energy market represents a significant opportunity for companies like Frontline Power Solutions, allowing businesses and consumers to select their energy providers in a competitive marketplace. With numerous states embracing energy deregulation, this sector has witnessed substantial growth, providing an expansive playing field for innovative energy solutions and sustainable practices. This market facilitates competition and encourages the adoption of renewable energy sources, aligning with national and global sustainability goals.