Siemens and Macquarie’s GIG Launch Distributed Energy Joint Venture

Macquarie’s GIG, Siemens Group companies have formed Calibrant Energy, a joint venture that will operate in the distributed energy segment.

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

The JV will offer unique combination of technical, operating, and risk management expertise that enables customers to access the benefits of on-site energy systems with a new level of simplicity. 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. Its technologies will include solar, integrated solar-battery solutions, hybrid systems, standalone batteries, microgrids, combined heat and power, and centralised heating and cooling infrastructure upgrades.

“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 & Performance Services Americas, Siemens Smart Infrastructure.

The joint press statement stated that combining the efforts of two global energy technology and infrastructure companies, Calibrant Energy will simplify the transition toward energy decarbonisation for US 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. Due to 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, customised, 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.”

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