DEN will work with Schneider Electric and the Carlyle Group to offer innovative technology and financial solutions
Dynamic Energy Networks (DEN) is forming a strategic alliance with energy and industrial sector powerhouses, Schneider Electric and The Carlyle Group, to deliver energy-as-a-service. DEN also announced that it has rounded out its leadership ranks by acquiring an executive team from Hitachi and RET Capital.
DEN owns and operates microgrids and distributed energy resources (DER) to serve organisations and institutions – from campuses to hospitals and the military – that demand predictable pricing and efficient, reliable energy. DEN CEO Karen Morgan said that by working with Schneider Electric and The Carlyle Group, it aims to transform the market to deliver “holistic energy-as-a-service with innovative financial and technology solutions”.
Schneider Electric is a world leader in microgrid technology and solutions that designed, built and maintains more than 300 advanced microgrids. The Carlyle Group is a global alternative asset manager. Together, the firms will deliver the flexible financing and technology that restructures the market by providing energy-as-a-service.
Energy-as-a-service – such as discrete energy infrastructure systems that can operate either in connection with or independent of the utility grid for a customer – could grow to a $221 billion global business by 2020, according to Navigant Research.
DEN’s business model represents the next phase in the grid’s evolution by putting forward a highly connected, smart microgrid and DER infrastructure with bespoke and flexible financial and alternative ownership structures. Customers benefit from long-term power contracts that provide cost-effective, resilient and secure supply of clean energy while investors gain access to a diversified set of dynamic energy infrastructure across different market sectors and geographies.
“We’ve long been leaders in helping companies meet ambitious energy goals,” said Mark Feasel, vice president of Schneider Electric’s electric utility segment and smart grid business in the US. “Through our partnership with DEN and Carlyle, we can deploy solutions that leverage both world-class technology and new business models to transform the edge of the grid and optimise the energy value chain.”
“The energy industry has experienced a tremendous growth in awareness and usage of microgrids in just the last year alone,” said Andrew Marino, a Carlyle managing director and co-head of Carlyle Global Infrastructure, the firm’s infrastructure investing team.
“We’re thrilled to leverage the expertise of Dynamic Energy Networks and to partner with Schneider Electric to deliver microgrid solutions that enable energy-as-a-service.”
Equity for future investments by this strategic alliance will come from sources including Carlyle Global Infrastructure Opportunity Fund, a Carlyle fund that makes infrastructure investments.
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07 September 2018
17 September 2018