Navigant and InfraRed Capital Partners launch Compass Energy Platform to streamline distributed energy infrastructure projects
InfraRed Capital Partners (“InfraRed”), in collaboration with Navigant (NYSE: NCI), is pleased to announce the launch of Compass Energy Platform LCC (“Compass”), a joint venture that provides an innovative platform to help cities and utilities develop and finance local energy infrastructure solutions.
Compass brings together the combined expertise of a diverse set of energy infrastructure project experts in one platform. Navigant’s Energy segment contributes its deep industry insight and experience, while InfraRed brings its energy project structuring and development expertise as well as funding for Compass’ future pipeline of projects.
Compass leverages a public-private partnership financing model to assist clients in the development of energy resources. This includes access to expert engineering and construction service providers that can improve the delivery and efficiency of local energy services to communities and businesses. Resources also include the use of distributed generation technologies, such as solar, wind, and batteries, combined with smart asset networks, such as microgrids and district heating and cooling systems.
“Compass seamlessly integrates all aspects of a local energy project, aligning local government, businesses, investors, engineering and construction firms, and other stakeholders to deliver highly efficient infrastructure solutions,” said Thomas Buss, director at InfraRed Capital Partners.
Jan Vrins, leader of Navigant’s global Energy segment, commented “As we build the energy system of the future, local governments and utilities are increasingly focused on promoting sustainable, distributed energy infrastructure projects that increase resiliency and the security of supply. While these projects can be complex and carry risk, Compass simplifies this process by delivering end-to-end program management, project structuring and development and access to financing resources.”
Rick Bolton, CEO of Compass and director of new projects within Navigant’s global Energy segment, said “Compass works to create more resilient economies and communities, while also streamlining the process for the many stakeholders involved in implementing local energy infrastructure projects. From start to finish, Compass helps to mitigate risk by assisting the client in its selection of the appropriate business and commercial models and partnerships for the project.”
In addition to its strategic relationships with Navigant and InfraRed, Compass has a growing list of relationships with implementation service providers, creating a complete energy development platform. Compass’ implementation relationship partners include Burns Engineering (engineering), PowerSecure (microgrid development, operation, and maintenance), Concord Engineering (engineering), WXY Studio (urban planning), Greener by Design (stakeholder engagement), and Advanced Energy Agency (stakeholder engagement logistics).
InfraRed Capital Partners
InfraRed Capital Partners is a leading global investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul, Sydney and Mexico. With around 150 professionals it manages US$12bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe.
Since its inception, InfraRed has launched 19 funds, including two companies listed on the London Stock Exchange: HICL Infrastructure Company Limited and The Renewables Infrastructure Group (TRIG), both of which are members of the FTSE 250. To date, InfraRed has realised six funds, demonstrating its ability to create real value for its stakeholders.
InfraRed has been investing in the infrastructure market for over 20 years and is an expert in the development, financing and management of infrastructure projects from their conception, design and construction into their operating phases. With over 200 infrastructure projects under management, it has a long and successful track record investing in low carbon generation and renewable energy infrastructure projects, including wind farms, solar parks and natural gas turbines, as well as energy-enabling infrastructure such as energy storage and flexible generation. To date, InfraRed has developed greenfield projects with over 2GW of renewable energy and flexible power capacity.
InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment and its infrastructure business has been awarded the highest rating.
Further details can be found on InfraRed’s website, www.ircp.com.