Through a collaborative, turnkey approach for local energy project
development and finance, Compass helps cities and utilities build more
sustainable and resilient communities
CHICAGO–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24NCI&src=ctag” target=”_blank”gt;$NCIlt;/agt;–Navigant (NYSE: NCI) and InfraRed Capital Partners today announced the
launch of Compass Energy Platform, LLC (Compass), a joint venture that
provides an innovative platform to help cities and utilities develop and
finance local energy infrastructure solutions.
Compass brings together in one platform the combined expertise of a
diverse set of energy infrastructure project experts. Navigant’s Energy
segment contributes its deep industry insight and experience to Compass,
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 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. These 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 program management, project
structuring and development, and access to financing resources.”
“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,” says Rick Bolton,
CEO of Compass and director of new projects within Navigant’s global
Energy segment. “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.”
“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,” says Thomas Buss, director at InfraRed
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).
Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global
professional services firm that helps clients take control of their
future. Navigant’s professionals apply deep industry knowledge,
substantive technical expertise, and an enterprising approach to help
clients build, manage, and/or protect their business interests. With a
focus on markets and clients facing transformational change and
significant regulatory or legal pressures, the firm primarily serves
clients in the healthcare, energy, and financial services industries.
Across a range of advisory, consulting, outsourcing, and
technology/analytics services, Navigant’s practitioners bring sharp
insight that pinpoints opportunities and delivers powerful results. More
information about Navigant can be found at navigant.com.
With over 600 consultants, Navigant’s
global Energy practice is the largest energy and sustainability
consulting team in the industry. We collaborate with utilities and
energy companies, government and NGOs, large corporations, product
manufacturers, tech vendors, and investors to help them thrive in a
rapidly changing energy environment. Our clients include the world’s 60
largest electric, water, and gas utilities; the 20 largest independent
power generators; and the 20 largest gas distribution and pipeline
companies. Navigant’s seasoned professionals and highly skilled
specialists form exceptional teams to help clients transform their
businesses, manage complexity and accelerate operational performance,
meet compliance requirements, and transform organizations and systems to
address upcoming changes as the energy transition accelerates.
InfraRed Capital Partners Limited (“InfraRed”) is a 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 $12 billion of equity capital
in multiple private and listed funds, primarily for institutional
investors across the globe.
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.
Further details can be found on InfraRed’s website, www.ircp.com.
InfraRed Capital Partners
Compass Energy Platform
Navigant Investor Relations