Macquarie, Siemens units create U.S. distributed energy joint venture



a close up of a building: The headquarters of Siemens AG is seen in Munich


© Reuters/MICHAEL DALDER
The headquarters of Siemens AG is seen in Munich


NEW YORK (Reuters) – 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).

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