Elisa Wood, editor-in-chief of Microgrid Knowledge, discusses energy-as-service with Mark Feasel, Schneider Electric’s vice president of utility and smart grid; Andrew Marino, managing director at The Carlyle Group; and Karen Morgan, CEO of Dynamic Energy Networks (DEN). The interview took place at Microgrid 2018.
Schneider Electric, DEN, and the Carlyle Group are partnering to simplify microgrid development for their customers, as well as reduce the risk involved in big energy decisions — many of which now include microgrids.
They are doing so through an innovative business and financial model that reduces the risk for microgrid customers. Known as energy-as-a-service, the approach helps customers secure microgrid reliability without making large capital investments or assuming operational risk.
The three companies launched their partnership with an initial investment of $500 million — a number which isn’t capped.
Schneider Electric has been innovating in the energy market for 100 years. DEN, which launched six months ago, is an investor owner/operator of energy infrastructure. The Carlyle Group, one of the world’s largest investment firms, manages about $200 billion across 19 countries.
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19 December 2018
20 December 2018