Under the terms of the proposal, Modern Technology will provide grant funding sourced through Caribbean and South American government organizations interested in promoting the use of energy-efficient technologies.
Encore Energy said that the Caribbean is particularly vulnerable to the rising price of crude oil. The company claims that its solutions can reduce power consumption.
In preparation for this market expansion, the company entered into a sales partnership agreement to supply AMK solar collectors. These units generate domestic hot water, reportedly resulting in lower electricity bills.
