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Macquarie, Siemens Units Create U.S. Distributed Energy Joint Venture

By District Energy posted 10-05-2020 12:21




Units of Macquarie Group MQG.AX and Siemens AG SIEGn.DE are forming a venture named Calibrant Energy, that will invest in the emerging energy-as-a-service (EaaS) sector in the United States, according to a joint statement on Monday.

Electricity generation is forecast to increasingly move away from traditional structures involving large fossil fuel-burning power plants, towards localized systems using renewable energy and battery storage, known as distributed energy.

For entities embracing this model, they can choose to ‘outsource’ their power systems to a specialist entity, in the same way firms hire technology platforms rather than develop their own systems - so-called software-as-a-service (SaaS).

Set up by Macquarie’s Green Investment Group, and Siemens’ Smart Infrastructure and Financial Services units, Calibrant Energy will build the energy infrastructure at no up-front cost and then manage it for customers including companies, municipalities and hospitals, the statement said.

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