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Siemens, Macquarie's GIG Launch Distributed Energy Joint Venture

Oct. 7, 2020
Joint venture Calibrant Energy to offer comprehensive onsite energy-as-a-service solutions at no upfront cost.

Macquarie's Green Investment Group (GIG), Siemens' Smart Infrastructure (SI) and Financial Services (SFS) groups recently announced the formation of Calibrant Energy — a joint venture that offers comprehensive onsite energy-as-a-service (EaaS) solutions at no upfront cost for its customers, which include corporate and industrial clients, as well as municipalities, universities, schools, and hospitals.

Calibrant Energy offers a combination of technical, operating, and risk management expertise that enables customers to access the benefits of onsite energy systems. Using an EaaS model, Calibrant will build onsite energy solutions that seek to deliver immediate cost savings, cost certainty, resilience, and low-cost energy grid augmentation.

Calibrant's technologies will include solar, integrated solar-battery solutions, hybrid systems, standalone batteries, microgrids, combined heat and power, and centralized heating and cooling infrastructure upgrades. It will simplify the transition toward energy decarbonization for U.S. corporations and institutions by planning, designing, building, owning, and operating clients' energy production and storage assets.

"Many companies and institutions are embarking on a green transition in their energy strategies to take advantage of lower cost, lower emissions, and increased resilience. Because of our shared vision and complementary expertise, GIG viewed Siemens as the ideal partner in forming Calibrant Energy to work closely with clients to deliver simple, customized, fully managed energy solutions," said Chris Archer, GIG's head of Americas. "With industry-leading technology, deep sector expertise, and flexible financing capabilities, Calibrant is well positioned to be a transformative leader in distributed energy and accelerate the transition toward a greener economy."

"Calibrant Energy is laying the foundation to respond to the changing financial market conditions and demand for sustainable infrastructure and clean energy projects," said John Kovach, head of energy and performance services Americas, Siemens SI.

"This venture is about making it simple for the customer, while also leveraging a growing set of technologies and applications around distributed energy," said Greg Callman, global head of energy technology at Macquarie Capital.

"As an experienced investor in energy and infrastructure initiatives throughout the United States, the SFS has been a pioneer in providing flexible financing solutions for the advancement of distributed energy projects," said Anthony Casciano, CEO, SFS. "Calibrant Energy will help enable customers to obtain resilient low-cost energy and meet sustainability goals with no upfront cost."

Calibrant will deliver fully integrated and managed energy solutions that can be deployed at scale, including taking on upfront capital investment. It will feature the latest energy solutions from Siemens, as well as leading products from across the industry.

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