The Enact Systems offering is now closed and is no longer accepting investments.

Enact Systems

Software Platform for Solar and Storage

Enact Systems

Software Platform for Solar and Storage

Pleasanton, CA
Environment
Technology
ENACT SYSTEMS Inc. is a leading cloud platform for the Solar and Energy storage industry. The Core ENVISION platform powers complete business operations for thousands of professionals including developers, installations providers and OEMs, digitizing project development and customer asset services. ENACT is headquartered in the San Francisco Bay Area, with team members in multiple countries.

$155,889

raised
127
Investors
$23M
Valuation
$9.65
Price per Share
$241.25
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1M
Offering Max
0
Days Left

$155,889

raised
127
Investors
$23M
Valuation
$9.65
Price per Share
$241.25
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1M
Offering Max
0
Days Left
This offering ended on January 21, 2022 and is no longer accepting investments.

Reasons to Invest

Generated $3.5M+ revenue already without a large institutional raise and have some of the largest global solar industry players as customers already
Onsite solar and energy storage (projects on buildings and homes) is already a $10B/year industry in the US market, and $100B+ per year globally
Innovative, high-margin business model : both installer and customer revenues, make it a very powerful SaaS-driven marketplace with a CLTV to CAC ratio >5. They have seen similar platforms in other industries do extremely well once they reach critical scale

Overview


A new approach to solar energy



ENACT offers an interesting investment opportunity: we bring the power of data and business automation in a specific vertical integration (renewable energy), which although a massive industry, operates in a fragmented way globally. We believe ENACT’s platform has the potential to create huge value for all stakeholders in the industry, leveraging its end-to-end focus and reliance on data analytics. 



The Problem


It’s hard for customers to switch to solar powered electricity 


 

Onsite solar and energy storage - i.e. projects on buildings and homes - is already a $10B/year industry in the US market, and $100B+ per year globally. Yet over 50% of the total installed price of a typical US project is soft costs, made up of installation labor, financing, services and operations. While such projects generate huge savings and sustainable electricity, it’s a complex transition for customers that can and should be simplified for the sector to scale. Customers have a difficult purchase cycle as they are largely unable to compare options for providers, understand their true cost benefit of switching to solar, and often times don’t have the tools to measure their ROI in financial terms. 


This dilemma leads consumers to pick from multiple bids without full deal transparency and no assurance of outcome. Their ownership experience can suffer as well since many consumers run the risk of making an ill-informed decision when choosing providers. Installation Providers are largely small to medium-sized businesses today with a challenging business due to the nascent stage of the industry. Every solar and/or energy storage system sources from multiple vendors, involves complex design, requiring local approval (city, utility), and combining multiple skill sets. Needless to say, installers struggle to scale without technology & process.


And after the installation, it’s very difficult for the average customer to track financial benefits in real-time such as adjusting for rates, usage and performance Until now. ENACT SYSTEMS is changing all that.

THE SOLUTION


We use data to improve the customer’s experience

 

We launched ENACT SYSTEMS to leverage software and data to transform the end-customer’s experience for solar and energy storage. We also aim to empower installers with business productivity tools powered by data analytics, therefore lessening the soft-cost problem with an end-to-end platform. ENACT is emerging as one of the leading industry platforms for this growing Distributed Solar and Storage projects globally. ENACT’s platform offers two products, addressing both sides: End-customers (Engage) and Installers (Envision). Envision is focused on automating project design, contracts and deployment, while Engage is focused on improving customer engagement, starting with their first contact all the way to a lifetime of ownership with full transparency on outcomes. 




ENACT’s Cloud Software and Analytics platform simplifies the solar transition for homes and businesses. It also provides an independent ‘single source of truth’ for the entire Asset Lifecycle of a project, catering to needs for all stakeholders including Installers. ENACT’s new direct-to-consumer services offering - launched only in California - allows home-owners to schedule live design services as well as procurement support for their solar and storage needs. ENACT’s Energy Services team has also worked with top US Corporate clients like REITS, Industrial Manufacturing and Data center clients on supporting their solar transition.


From a business model perspective, ENACT has successfully monetized 3 sources of revenue, all with 90%+ gross margin. ENACT’s primary revenue source has been recurring subscription revenue from installers and developers using the platform in the US and internationally, with customers paying $5k to $50k per year for the subscription. ENACT’s second recurring revenue is from end-customers that manage solar and storage assets using the ENGAGE App, with customers paying $150 to $5000 per year, based on size and type of project. The third source of revenue for ENACT is for platform origination services for both residential and commercial customers.



OUR TRACTION


Proven Performance



 

ENACT has proven its legitimacy by generating over $3.5 million in cumulative revenue, with B2B subscription and transaction revenue on the platform. ENACT’s platform processes over $1.5 billion worth of projects annually, with more than 1000 users in over 20 countries. Specifically, ENACT has found immediate success in the US market and is also establishing ourselves well in 20+ countries including UAE, South Africa, SE Asia and India. Some of our more notable customers are leading global developers such as Black and Veatch, Mahindra Susten, OEMs like Jinko Solar, distributors like CED Greentech and Rubicon, REITs like Pebblebrook, and Corporates like JLL as well as the thousands of homeowners who use our platform already. We have also benefited greatly from press mentions on notable sites like Bloomberg, Yahoo, PV Magazine and Climatebase. 




THE MARKET


An all-in-one service



 

The global Serviceable Addressable Market that ENACT is in generated $5 billion per year globally in 2021, of which almost $1 billion was generated in the US alone. The End-customer services for Energy and Asset Management drive the primary growth of the market, followed by revenue from installers who seek improved business productivity tools as well as origination services for new deals. The Distributed Solar and Energy Storage market is expected to grow at a CAGR of 63% during 2019-2023. Bloomberg New Energy forecasts over $5 trillion in new distributed solar and energy storage projects globally in the next two decades.


The ENACT ENVISION SaaS Product for new project development by installers and project Developers uses digital imaging-based visualization and data-processing for remote design, energy usage and utility rate analysis. It also combines with pricing, bill-of-materials, and financing analysis, leading to accurate and transparent sales proposals and contracts. ENVISION integrates powerful workflow automation and decision-based analytics as well for tracking resources and timelines. 

 

The ENACT ENGAGE SaaS Product focused on purchase and management of existing assets by homeowners and fleet owners. It’s available as an App now on IOS and Android stores. ENGAGE integrates through Cloud APIs to physical hardware that’s deployed on customer locations. It processes live IOT feeds to visualize overall asset performance and financial return on investment, as well as verification on financial projections. ENGAGE also visualizes live power flows and asset operations, alerting customers on performance issues, predicting future savings and enabling live customer support.

WHY INVEST


We’re designed to grow with the industry



With the global climate crisis at hand, we are seeing an unprecedented shift to clean energy sources. ENACT’s platform is designed to support this massive transition, leveraging its business automation capabilities and data-analytics, creating huge value for all stakeholders. Our revenue growth numbers have already proven our platform’s legitimacy, and with proper backing, we can scale our unique model to take a large chunk of this growing market. Help ENACT become the leader in solar and renewable energy management and become a shareholder today.  


In the Press

Solar Builder Mag

Enact Systems wins $1.6M in awards from Department of Energy

Solar Power World

ENACT Systems acquires Adara Power to bring energy storage offerings to software

Power Engineering International

Black & Veatch and ENACT to elevate commercial solar in Southeast Asia

Silicon India magazine

ENACT Systems: Streamlining and Automating Solar Business

PV Magazine

Delhi discom BRPL deploys Enact’s cloud platform to manage solar approvals

Offering Summary


Company

:

ENACT Systems Inc.

Corporate Address

:

6200 Stoneridge Mall Road Ste 300, Pleasanton, CA 94588

Offering Minimum

:

$9,997.40

Offering Maximum

:

$999,990.90

Minimum Investment Amount

(per investor)

:

$241.25











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

1,036

Maximum Number of Shares Offered

:

103,626

Price per Share

:

$9.65

Pre-Money Valuation

:

$22,995,950.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-based Perks

Extremely Early Bird - First 72 hours | 15% bonus shares

Super Early Bird - Next 72 hours | 10% bonus shares

Early Bird - Next 7 days | 5% bonus shares

Amount based Perks

$1,000+

Receive 5% bonus shares

$2,500+

Receive 10% bonus shares and Free ENGAGE App for 5 years

$5,000+

Receive 10% bonus shares, Free ENGAGE App for 5 years, and a $250 discount for solar and/or storage purchase

$10,000+

Receive 15% bonus shares, Free ENGAGE App for 5 years, and a $500 discount for solar and/or storage purchase

Note: ENGAGE App and discounts only for US states

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

ENACT will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $9.65 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $965. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$639,125.00 USD
$445,626.00 USD
Cash And Cash Equivalents
$16,132.00 USD
$11,055.00 USD
Accounts Receivable
$295,261.00 USD
$372,151.00 USD
Short Term Debt
$323,582.00 USD
$79,446.00 USD
Long Term Debt
$1,512,663.00 USD
$1,530,463.00 USD
Revenues And Sales
$526,910.00 USD
$594,196.00 USD
Costs Of Goods Sold
$55,072.00 USD
$20,386.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$421,275.00 USD
-$509,968.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Final reminder - we are closing today!

19 hours ago

Dear Investors,

We are excited for all those investors who have joined us the last few days and we just crossed the $150k milestone.


Today is the final deadline - few hours left! So do not miss this opportunity. Quick recap on 3 Reasons to Invest

1. Generated $3.5M+ revenue already without a large raise and have some of the largest industry players as customers already

2. Customer-Onsite solar and energy storage is already a $10B/year industry in the US market, and $100B+ per year globally

3. Innovative, high-margin business model : both installer and customer revenues, make it a very powerful SaaS-driven marketplace


A big ' thank you' for all your support on our journey to expand clean energy access across the world.


Thanks and best regards,

Deep Chakraborty

CEO, ENACT SYSTEMS INC


Watch the recording : LIVE WEBINAR with CEO, ENACT SYSTEMS

2 days ago

Dear Investors,


Our campaign closes tomorrow and we organized a live webinar with Deep Chakraborty, CEO of ENACT SYSTEMS

For those who missed it, here's a recording - a lot of excellent questions asked.


Click for Webinar Recording

Password:   jwn%5PW@


Do not miss this investment opportunity!


Thanks and best regards

Shelly Cornelius

Marketing Manager

ENACT SYSTEMS

Final opportunity : live webinar with CEO @ 11.30am PT tomorrow!

3 days ago

Dear all,

The investment opportunity is closing shortly, only 2 days to go!

Please join us for this special opportunity for @StartEngine investors to meet with our CEO, Deep Chakraborty who will share more on the company's growth plans and recent success, followed by an open Q&A forum - Jan 19th, 11:30am PST.

Register today on the link below:

https://enact-systems.zoom.us/webinar/register/1516415905069/WN_RuDmjbK_TO2LFxfaZjA38A



Thanks

Shelly Cornelius

Marketing Manager

ENACT SYSTEMS INC

ENACT ENVISION launches 3D Shade Reports @ InterSolar 2022

5 days ago

Dear Investors,

We launched the next generation of our ENVISION Product for Solar and Storage Design at Intersolar North America this week.

Check out the 30 second preview of this exciting capability. Our AI-enabled platform now highlights irradiation on every point of the roof adjusted for shade due to trees, orientation and roof obstructions. We generate detailed shade reports that show solar access every month.


We just got back from two days of packed exhibiting at the Long Beach Convention Center....yes, we did wear our masks (just removed for the photo opp below!)


With only 4 days left to go, do not miss the opportunity to join this round.

Cheers,

Shelly Cornelius

ENACT SYSTEMS INC.

Global Real Estate Leader leveraging ENACT Platform

9 days ago

Dear Investors,

One of our top customers leveraging the ENACT ENGAGE platform to manage renewable energy assets is JLL, the global leader in real estate managing over 4 Billion square feet in properties and facility management.

According to JLL, over 55% of Corporate occupiers plan to 100% renewable energy by 2025 or beyond. Also 59% of real estate owners plan to generate their own renewable energy by 2025. JLL's clean energy team is enabling this transition for their client and ENACT is proud to partner with them.

Only 8 days to go on our StartEngine campaign! So do not miss the opportunity to join the #1 Software platform for Solar and Storage. 

Also please do not forget to join us for a special webinar opportunity for @StartEngine investors to meet with our CEO. Register today on the link below: https://enact-systems.zoom.us/webinar/register/1516415905069/WN_RuDmjbK_TO2LFxfaZjA38A

Thanks

Shelly Cornelius

Marketing Manager

ENACT SYSTEMS INC

Closing in 10 days! Meet us at InterSolar @ Long Beach CA

10 days ago

Dear Investors,

The investment window closes on 1/22. So only 10 days to go!

For those of you in the Southern California region, please stop by to attend InterSolar @ Long Beach where ENACT is exhibiting.

Also please do not forget to join us for a special webinar opportunity for @StartEngine investors to meet with our CEO, Deep Chakraborty who will share more on the company's growth plans and recent success, followed by an open Q&A forum - Jan 19th, 10:30am PST.

Register today on the link below:

https://enact-systems.zoom.us/webinar/register/1516415905069/WN_RuDmjbK_TO2LFxfaZjA38A


Cheers,

Shelly Cornelius

Marketing Manager, ENACT SYSTEMS INC

Meet us Live on Jan 19th, 2022 @ 10.30am ** 13 days to closing

14 days ago

Dear all,

Please join us for this special opportunity for @StartEngine investors to meet with our CEO, Deep Chakraborty who will share more on the company's growth plans and recent success, followed by an open Q&A forum - Jan 19th, 10:30am PST.

The investment window closes on 1/22. So only 13 days to go!

Register today on the link below:

https://enact-systems.zoom.us/webinar/register/1516415905069/WN_RuDmjbK_TO2LFxfaZjA38A



Thanks,

Shelly Cornelius

Marketing Manager


New web launch of ENGAGE.Solar

15 days ago

Dear Investors

Thank you for all your support in recent weeks on this exciting campaign. Only 14 days to go!

We have been busy and utilized the funds raised on StartEngine to relaunch our ENGAGE.Solar web platform. Check it out today! 


We are excited about the future of solar and storage. Thank you for all your feedback this far and please spread the word on ENGAGE.Solar with your friends and family!

Cheers,

Shelly Cornelius

Marketing Manager

ENACT SYSTEMS INC.

Notice of Funds Disbursement

15 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Enact Systems has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Enact Systems be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Europe reports best year for Solar growth

16 days ago

Dear Investors - Wish you all a very Happy New year. Only 15 days to go on the ENACT Campaign, closing soon!

Some exciting news coming from Europe: A new report by SolarPower Europe shows 2021 was the best year for solar installations in the EU with a record-breaking 25.9 GW of photovoltaic (PV) capacity connected to the grid.

ENACT is proud to announce we now have our first paying customer in Europe, in Germany. Our Envision product is getting positive feedback from several European customers.

In 2021, Germany also remained the top solar market in the EU with expected installations of 5.3 GW for an 8% on-the-year increase. The leader in installations per capita is the Netherlands with 765 W/capita, a jump of 42% from 2020.


Thanks,

Deep Chakraborty

CEO, ENACT SYSTEMS

Year-end investment opportunity - Closing Soon

21 days ago

Dear all - ENACT SYSTEMS is closing out it's campaign, so this is the last chance to invest this year.....

Quick recap on 3 Reasons to Invest

1. Generated $3.5M+ revenue already without a large raise and have some of the largest industry players as customers already

2. Customer-Onsite solar and energy storage is already a $10B/year industry in the US market, and $100B+ per year globally

3. Innovative, high-margin business model : both installer and customer revenues, make it a very powerful SaaS-driven marketplace


Do not miss this opportunity! Wish you all a very Happy New Year to all.


Thanks and best regards,

The ENACT SYSTEMS Team 

Another record year for US Solar Deployments

22 days ago

Dear Investors, 

As we wrap up 2021, the US market is expected to cross 23GW of deployments this year, of which 19GW were in Utility Scale and 4GW in distributed solar projects. Solar now the “cheapest electricity in history,” according to the International Energy Agency, is on a rapid scale-up path, driven by global mandates to fund clean energy sources.

The Energy Information Administration (EIA) projects 78GW of US generating capacity additions in 2022 through 2023. A majority of the additions will be large-scale solar and energy storage projects, forecast to add 62% of the total figure at 49GW.  Also California, Texas and New York are projected as the top 3 markets.


Such massive growth rates in deployment will lead to rapid increase in need for improved asset management capabilities for existing and new assets. Automation of workflows and data analytics is key for commercial buyers, as well as distributed solar providers.

Do not miss the chance to join the ENACT Platform investment opportunity - now closing in 22 days!

Cheers,

Deep Chakraborty

CEO, ENACT SYSTEMS INC.

ENACT Platform partner achieves new milestone in Dubai, UAE

24 days ago

Dear Investors,

As we near the end of 2021, we are looking back at some of our partners using ENACT in different parts of the world. One of our most successful customers is SharafDG LLC, a case study already published earlier in 2021.

Headquartered in Dubai, The Sharaf Group operates in 40 countries across the Middle East, Africa, the Indian subcontinent and Asia, employs more than 9,500 people. SharafDG Energy, is the leading energy platform in Dubai.

We are proud to announce that the ENACT Platform has been leveraged by SharafDG Energy to deploy over 50MW of solar projects, including commercial / industrial buildings and hundreds of homes and villas in Dubai, UAE. 

One such testimonial from is from Retail Logistics, that has deployed 1.52MW of rooftop solar on their warehouse designed using ENACT ENVISION, for a 75% bill offset, tracked successfully on ENACT ENGAGE. Listen to what they had to say on their Solar transition....


ENACT's StartEngine offering ends in ~ 3 weeks. Do not miss out on joining one of the leading solar technology platform opportunities!

Thanks and best regards,

Deep Chakraborty

CEO, ENACT SYSTEMS INC.


ENACT SYSTEMS StartEngine Campaign announces early closing

about 1 month ago

Dear Investors,

We are announcing an early closing of our StartEngine campaign by January 20, 2022.

We have seen a steady ramp up of business growth this year with several new customers  in US and international markets. Our new product capabilities launched in Q4 2021 for ENVISION 2.0 have led to ~135% increase in ENVISION customer trials vs earlier quarters this year.

Most importantly, we have now received firm offer for a multi-million dollar investment from a large institutional fund investor for our next round of preferred financing, at a higher valuation than the StartEngine offer. 

So we will need to close out this Reg CF offer on StartEngine now, which is our first and only Reg CF offering for retail investors on a crowdfunding platform. For all those who have not invested yet, don't miss this opportunity to participate on on this pre-Series A investment @ the #1 Software Platform for Solar and Storage Projects!

Cheers,

Deep Chakraborty

CEO, ENACT SYSTEMS INC.



Notice of Funds Disbursement

about 1 month ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Enact Systems has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Enact Systems be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Competitor acquired for $695M

about 1 month ago

Dear Investors,

Exciting news today - one of our potential competitors and a much larger player in the space - AlsoEnergy, has been acquired for $695M by STEM, a large developer of storage and solar assets that has recently gone public

AlsoEnergy's platform provided monitoring and related data services (plus hardware) for commercial and utility clients primarily for solar assets only, which has several overlaps to our ENGAGE platform for commercial asset management (albeit we are hardware agnostic and allow energy storage as well, and for homes also). 

AlsoEnergy was acquired for ~15X multiple of their revenue, and will now become an in-house solution for STEM. As we look at the landscape of platforms for solar and storage asset management, this opens up the market again for new, independent pure-play platforms for the next generation of assets. This is exciting times for platforms like ENACT SYSTEMS!

Thanks and best regards

Deep Chakraborty

CEO, ENACT SYSTEMS INC. 

Another Happy Customer - Hotel Ownership @ San Diego, CA

about 1 month ago

Dear Investors,

The ENACT Platform has crossed over 100MW of managed assets under its ENGAGE platform. Leading Corporates in multiple countries manage their solar asset portfolios on the ENACT ENGAGE Platform

Last week, our team had a chance to gather feedback from one such ownership group, on their experience launching a rooftop solar initiative and managing the outcome ,at their Downtown San Diego property. Listen to what Don Kramer had to say about his team's ENACT experience ....


Cheers,

Deep Chakraborty

CEO, ENACT SYSTEMS INC.


335% increase in Solar Installations in India

about 1 month ago

Dear Investors,

Some exciting solar news coming out of India one of our top international markets on ENACT's global platform

In the first nine months of 2021 (9M 2021), India added over 7.4 gigawatts (GW) of solar, a 335% increase YoY compared to the 1.73 GW installed in the same period in 2020, according to the latest report this week on Q3 2021 results from Mercom India Research

India added close to 11.6 GW of power capacity in the first 9 months of 2021. Solar dominated capacity additions accounting for close to 60%, followed by thermal power, which contributed 21%. Renewables (including large hydro) made up 79% of total power capacity additions during this period.

Back in 2015, India set a target of installing 175 GW of renewable energy capacity by the year 2022, which included 100 GW from solar power. The target has now been raised to 227 GW by 2022, which includes 114 GW from solar energy. India ranks third in terms of highest global GHG emitters at 6.6%, slightly above the EU at 6.4%. India still retains the 3rd spot globally on new Solar installations annually, following China and US.

Cheers,

Deep Chakraborty

CEO, ENACT SYSTEMS INC

Top Global Solar Manufacturer Partnered With ENACT - Joint Webinar

about 2 months ago

Dear Investors,

Earlier this week we hosted a joint webinar with JINKO Solar, one of the world's largest solar module manufacturers and listed on the NYSE since 2010, also offering Energy Storage solutions.

JINKO Solar has partnered with ENACT for the use of our ENGAGE app for the US residential market, integrated to their new EAGLE RS Energy Storage product, which is now available for sale, competing with other brands like TESLA and LG etc. So every JINKO EAGLE RS product sold will be powered by our platform. 

In case you missed this webinar, please click below to view this recording - great way to learn more about ENACT's#1 Software platform for solar and energy storage projects globally!


Cheers,

Deep Chakraborty

CEO, ENACT SYSTEMS INC

Leading Solar Distributor partners with ENACT SYSTEMS

about 2 months ago

Dear Investors, 

Some exciting news: ENACT SYSTEMS, has signed a strategic partnership agreement with REDINGTON for the India market. Headquartered in India, REDINGTON'S platform services US $7.7 billion distribution and supply chain solutions provider to over 245+ international brands, serving 37 emerging markets.

REDINGTON’s Solar Division is the largest distributor of solar systems and components to solar installers in India, serving thousands of installers from across 90+ warehouses. ENACT's platform is already available in India since 2018, one of the fastest growing solar markets in the world.

REDINGTON has partnered with ENACT to offer a customized version of ENACT’s platform that is pre-configured for REDINGTON’s offering. Installers buying from REDINGTON can now design a solar system, develop proposals and contracts to close customers and then procure the necessary hardware solutions from REDINGTON all on a single seamless online experience.



Thanks and best regards,

Deep Chakraborty

CEO, ENACT SYSTEMS INC

Notice of Funds Disbursement

about 2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Enact Systems has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Enact Systems be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Holiday Inn San Diego goes Solar, powered by ENACT

about 2 months ago

Dear Investors,

Several of you have requested to learn more about some recent corporate client wins for the ENACT team in the US.

We invite you all to join our webinar on December 7, 2021 @ 11am PT. Earlier this year, the Holiday Inn @ San Diego went solar - designed on ENACT ENVISION, and now the asset managed on ENACT ENGAGE platform. Baxter Hotel Group, the asset owner will be joining us to share their experience.

Also joining us is one of our partners, HVS - the leading hospitality consulting firm, to discuss financial benefits of solar for hotels.


Cheers,

Deep Chakraborty

CEO, ENACT SYSTEMS

Join our product webinar on November 30, 2021 @ 11am PT

2 months ago

Dear Investors - thank you for your support, we crossed our $100k investment milestone today!

Several of you are excited about our technology platform and have asked to know more about how it works and our future roadmap and new features launching.

So we would like to invite you all to join our next webinar on November 30 @ 11am PT. On this webinar, we will showcasing some new upgrades to our Core ENVISION Platform for 3D Design capabilities and shade analysis and also some highlights of our ENGAGE App for Energy storage.

We are hosting this jointly with one of our customers, Jinko Solar, leading global solar manufacturer, launching energy storage.



Thank you and best regards,

Deep Chakraborty

CEO, ENACT SYSTEMS INC.

Notice of Funds Disbursement

2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Enact Systems has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Enact Systems be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

House passes $1.2 Trillion Bipartisan Infrastructure Bill - biggest climate investment in US History

3 months ago

Dear Investors,

The $1.2M Infrastructure Bill represents a game-changing investment in US infrastructure : roads, bridges, transit, rail, ports, electric grid, broadband, electric vehicles and environmental remediation.

Coping with climate change is the overarching theme of the bill, which includes $8 billion for wildfire management, $6 billion for drought management, $8.3 billion for water storage, desalination and recycling, as well as $12.5 billion for flood mitigation

The immediate visible impact will be for commuters. An estimated $226 billion will go to transportation projects, such as light-rail line extensions, redesigned intersections and bike lanes, plus estimated $66 billion for railway and $25 billion for airport renovations.

The bill also has $7.5 billion for a nationwide charging infrastructure to fill gaps in the patchwork of electric-vehicle chargers across the U.S. Another $5 billion will be dedicated to replacing buses with zero-emission vehicles, including electric school buses

The infrastructure package would put up about $28 billion for grid resiliency. That includes grant programs to find new ways for avoiding blackouts in extreme conditions, and to strengthen lines against wildfires and other disasters 

It puts up another $36 billion to develop technology for cleaner energy. That includes an emphasis on making fossil fuels less damaging to the environment by capturing CO2 and the development of hydrogen fuel with no greenhouse-gas emissions.

The Energy Department would get $25 billion for public-private partnerships to help commercialize projects. That has drawn interest from Bill Gates, who promised to commit $1.5 billion for joint projects with the U.S. government if the bill passed.

In short, its the biggest commitment ever to restore our infrastructure, prepare for climate emergency and resiliency and is expected to create over 19 million jobs needed to execute such initiatives alone, and more to come specifically for the solar sector on the next Bill. 

At ENACT we are excited about these steps forward America is finally making to save the planet.

Thanks and best regards,

Deep Chakraborty

CEO, ENACT SYSTEMS




Early Bird Perks expire in 12 hours

3 months ago

Dear Investors,

Thank you for your support on jump-starting our campaign we are quickly approaching our next funding milestone of $100k raised.

Our early bird perk of 5% bonus shares expires 9am PT on Nov 3, 2021.

We also value feedback from people who have committed to the campaign or might be interested in investing, and looking for onsite solar or storage solutions for their home or business. We are offering discounts linked to your solar or energy storage purchase for StartEngine investors.

Meanwhile here's a nice video from one of our commercial clients who have gone live earlier this year, and savings thousands of dollars per month on their PGE Electric bills, designed on ENVISION and managed on ENGAGE.


Thanks and best regards,

Deep Chakraborty

CEO, ENACT SYSTEMS

Biggest Climate investment in US history

3 months ago

Dear all,

With less than 5 days left on our Early-bird 5% bonus, several folks have asked us on how the final version of Biden's Infrastructure Spending Bill in Congress impacts Clean Energy industry and our platform business.

President Biden unveiled this $555B Clean Energy Spending plan, as part of the $1.75 Trillion Infrastructure bill - the biggest climate investment in US history, in the making. Here's some highlights:

  • $320 billion: Clean energy tax credits for consumers and businesses
  • $105 billion: Resilience investments, boosting energy storage and grid investments
  • $110 billion: Investments and incentives for clean energy technology, manufacturing and supply chains
  • $20 billion: Clean energy procurement

The initiatives target one gigaton of greenhouse gas emissions reduced in 2030, according to the plan’s framework. This will set the U.S. on a path to reduce emissions by 50% to 52% below 2005′s levels by 2030.

Abigail Ross Hopper, President and CEO of the Solar Energy Industries Association (SEIA), says "The  framework contains the most ambitious and transformational clean energy policies we've ever seen from Congress".

We are excited about what lies ahead for the US Solar industry and climate investment.

Thanks and best regards,

Deep Chakraborty

CEO, ENACT SYSTEMS INC




Listen to what customers are saying on their ENACT ENGAGE experience

3 months ago

Dear all,

We have less than 2 hours to go on our Super Early Bird bonus!

The  ENGAGE.Solar experience is changing how customers buy their solar and storage systems.

The entire journey of design, purchase and installation is backed by the digital platform. And upon going live, the ENGAGE App tracks live savings in US$ daily, taking the mystery out of going solar!

Listen to one of our Bay Area customers who has gone through this journey recently


Thank you and best regards

Deep Chakraborty

CEO, ENACT SYSTEMS


Top US Solar Software Platforms - by Solar Power World Magazine

3 months ago

Dear all - The Solar Power World Magazine just published today, the list of the top Software platforms for solar companies in the US featuring ENACT's ENVISION and ENGAGE Platform

We would like to remind folks that 3 of the 7 listed companies have been acquired in the last 12 months: Solargraf was acquired by ENPHASE, Sighten was acquired by NextEra and EnergyToolBase by Pason Power. That leaves a few pure-play platforms serving the industry today, that is slated to grow 7X in the next decade.

Also here's a sneak preview of our upcoming launch of 3D Designs and Shade analysis on ENACT ENVISION.


Our Super Early Bird promotion ends in less than 2 days, so do not miss this opportunity!

Thanks,

Deep Chakraborty

CEO, ENACT SYSTEMS



7X more US Solar deployment by 2030

3 months ago

Dear all,

The US Solar Energy Industries Association has just announced a new target for solar deployment by 2030, which will add 750GW more deployment in the next decade. Also 40GWh of energy storage deployment and 1 million more jobs.

I joined the US Solar industry in 2008 when we crossed 1GW of cumulative installations, and today we are at 95GW after over a decade. Now we are headed for 7X more deployment in the decade ahead!

To get there, we need to digitize and automate. Invest in a Company that is taking America's Solar technology to a whole new level, to help our industry deploy the next generation of assets.


Thanks,

Deep Chakraborty

CEO, ENACT SYSTEMS

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