Units of Macquarie Group and Siemens AG 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.
