Macquarie and Siemens create joint venture to offer ‘energy-as-a-service’

Macquarie’s Green Investment Group and Siemens have announced the creation of a joint venture named Calibrant Energy that will offer business customers “energy-as-a-service”.

By bundling them together with financing, the company will provide customers with a range of onsite energy technologies including solar panels, batteries, combined heat and power and microgrids at no upfront cost.

“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.

“Crafting a simple and compelling customer solution requires a combination of discipline and innovation, and Calibrant is purpose built.”

Chris Archer, head of Americas for the Green Investment Group, said: “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, customized, fully managed energy solutions.”

“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.”