Siemens, GIG launch US distributed energy-as-a-service JV – Renewables Now

October 6 (Renewables Now) – The Green Investment Group (GIG) and two units of Germany’s Siemens AG (ETR:SIE) have joined hands in a US-focused distributed-energy partnership in the solar and battery storage field.

GIG, part of Australia’s Macquarie Group Ltd (ASX:MQG), and Siemens’ Smart Infrastructure (SI) and Financial Services (SFS) groups have set up a joint venture (JV) to build, own and operate solar and battery facilities for the commercial, industrial and not-for-profit sectors. The new entity is dubbed Calibrant Energy, the partners said on Monday.

The JV will provide comprehensive solutions covering the planning, design, engineering, construction, operation and maintenance of power plants and will offer onsite Energy as a Service (EaaS) solutions to its clients at no upfront costs. Among the offerings will be solar photovoltaic (PV) panels, integrated solar-plus-battery solutions, 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. 

Source: https://renewablesnow.com/news/siemens-gig-launch-us-distributed-energy-as-a-service-jv-716144/

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