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Siemens, Macquarie units launch US distributed energy JV

Siemens, Macquarie units launch US distributed energy JV

Mubasher: Macquarie’s Green Investment Group (GIG) and Siemens’ Smart Infrastructure (SI) and Financial Services (SFS) are forming a new joint venture (JV) named Calibrant Energy that provides comprehensive onsite energy-as-a-service (EaaS) solutions in the US.

 “Calibrant Energy will simplify the transition toward energy decarbonization for US corporations and institutions by planning, designing, building, owning, and operating clients’ energy production and storage assets,” according to a statement on Monday.

The new JV will build on-site energy solutions at no up-front cost for its customers, including companies, industrial clients, municipalities, universities, schools, and hospitals.

Technologies include solar, integrated solar-battery solutions, hybrid systems, standalone batteries, microgrids, combined heat and power, and centralised heating and cooling infrastructure upgrades.

Crafting a simple and compelling customer solution requires a combination of discipline and innovation, and Calibrant is purpose built,” Global Head of Energy Technology at Macquarie Capital, said Greg Callman, said.

Combining Siemens’ innovative technology solutions and – together with GIG – adding our own financing and risk management expertise, Calibrant Energy will help enable customers to obtain resilient low-cost energy and meet sustainability goals with no up-front cost.” CEO of Siemens Financial Services, Anthony Casciano, noted.