Signify & Faraday Launch Pay-Monthly Lighting Service to Retrofit Asia Pacific Buildings Without Upfront Capital

Signify and Faraday have jointly launched a new pay-monthly lighting service across Asia Pacific, enabling customers to retrofit ageing lighting systems without upfront capital expenditure. The service is aimed at buildings and data centres throughout the region, offering a subscription-based model that shifts lighting from a capital expense to an operational one.

The partnership responds to growing demand for energy-efficient upgrades in Asia Pacific, where many facilities still rely on outdated lighting infrastructure. By removing the initial cost barrier, the service allows businesses to modernize lighting and potentially reduce energy consumption and maintenance costs. Neither company disclosed specific financial terms or initial client commitments, but the move aligns with a broader industry trend toward lighting-as-a-service (LaaS) models that bundle hardware, software, and maintenance into a single monthly fee.

The launch could accelerate the adoption of connected lighting and IoT solutions in the region, particularly in energy-intensive data centres where lighting efficiency is a key operational concern. It also positions Signify and Faraday to compete in the fast-growing Asia Pacific smart building market. Industry observers will watch for uptake among large commercial property owners and data centre operators, as well as potential expansion into other regions.