On October 5, 2020, Macquarie’s Green Investment Group (GIG) and Siemens’ Smart Infrastructure (SI) and Financial Services (SFS) groups announced the formation of Calibrant Energy (Calibrant), a joint venture that offers comprehensive onsite Energy as a Service (EaaS) solutions at no up-front cost for its customers, which include corporate and industrial clients, as well as municipalities, universities, schools, and hospitals. Wilson Sonsini Goodrich & Rosati is advising Siemens in the transaction.

Calibrant Energy will simplify the transition toward energy decarbonization for U.S. corporations and institutions by planning, designing, building, owning, and operating clients’ energy production and storage assets. Using an EaaS model, Calibrant will build onsite energy solutions that seek to deliver immediate cost savings, cost certainty, resilience, and low-cost energy grid augmentation. Calibrant’s technologies will include solar, integrated solar-battery solutions, hybrid systems, standalone batteries, microgrids, combined heat and power, and centralized heating and cooling infrastructure upgrades. Employing best-in-class solutions and drawing from the broadest and deepest product set in the industry, Calibrant will feature the latest energy solutions from Siemens, as well as leading products from across the industry.

The Wilson Sonsini team advising Siemens in the joint venture includes partners Scott Zimmermann, Of Counsel Andrew Braff, associates Jason Slagle and Stephanie Phillips, and law clerk Jessica Earle.

For more information, please see the companies’ joint press release.