The Compass Energy Platform will use a public-private partnership financing model to help cities and utilities build the energy systems of the future.
Professional services firm, Navigant, and global investment manager, InfraRed Capital Partners, are launching the Compass Energy Platform (Compass), a joint venture that takes a turnkey approach to help cities and utilities develop and finance local energy infrastructure solutions.
Compass combines the expertise of a diverse set of energy infrastructure project experts. Navigant claims to have the largest energy and sustainability consulting team in the industry (600 consultants) while InfraRed brings its energy project structuring and development expertise as well as funding for Compass’ future pipeline of projects.
The platform uses a public-private partnership financing model and provides access to the services of expert engineering and construction service providers, among others, to assist clients in the development of energy resources that can improve the delivery and efficiency of local energy services to communities and businesses.
Such resources 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.
“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,” says Jan Vrins, leader of Navigant’s global energy segment.
“While these projects can be complex and carry risk, Compass simplifies this process by delivering end-to-end programme management, project structuring and development, and access to financing resources.”
“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"
Navigant already collaborates with utilities and energy companies, governments, NGOs, tech vendors around the world and its clients include the 60 largest electric, water and gas utilities and the 20 largest independent power generators.
Rick Bolton, CEO of Compass and director of new projects within Navigant’s global energy segment, explains that Compass wants to help create more resilient economies and communities, while also streamlining the process for the many stakeholders involved in implementing local energy infrastructure projects.
He added: “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. 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).
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