Siemens and Macquarie Group have created a new joint venture that will develop distributed energy resources such as solar and battery storage for US corporations and institutions.
Called Calibrant Energy, the company will offer on-site energy-as-a-service solutions at no up-front cost for its customers, which will include corporate and industrial clients, as well as municipalities, universities, schools and hospitals.
The joint venture has been formed by Siemens’ Smart Infrastructure and Financial Services groups as well as Macquarie’s Green Investment Group (GIG).
It is hoped that Calibrant will be able to simplify the transition towards energy decarbonisation for US corporations and institutions by planning, designing, building, owning and operating clients’ energy production and storage assets.
To read the full version of this story, visit PV Tech.