Macquarie's GIG and Siemiens to form Calibrant Energy.

Macquarie's Green Investment Group, a specialist in green infrastructure investments, and Siemiens, a German multinational conglomerate company, agreed to form Calibrant Energy, a joint venture that offers comprehensive onsite Energy-as-a-Service solutions at no up-front cost for its customers, which include corporate and industrial clients, as well as municipalities, universities, schools and hospitals. Financial terms were not disclosed. "Many companies and institutions are embarking on a green transition in their energy strategies to take advantage of lower cost, lower emissions and increased resilience. Due to our shared vision and complementary expertise, GIG viewed Siemens as the ideal partner in forming Calibrant Energy to work closely with clients to deliver simple, customized, fully managed energy solutions. With industry-leading technology, deep sector expertise and flexible financing capabilities, Calibrant is well positioned to be a transformative leader in distributed energy and accelerate the transition toward a greener economy," Chris Archer, GIG Head of Americas.