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Thursday 11 November 2021 15:15 PM
GorWay and SDCL join forces to accelerate the take-up of sustainable power with launch of ‘Energy-as-a-Service’
11 November 2021
GorWay has agreed to a cooperation with the global investment firm Sustainable Development Capital LLP (SDCL) to jointly offer ‘Energy-as-a-Service’ solutions that can help accelerate the take-up of more sustainable power. The agreement was signed at the World Climate Conference (COP26) in Glasgow on 11 November. In the picture (from left to right): Perry Kuiper, President Sustainable Power Solutions at GorWay, Jonathan Maxwell, CEO and Founder of Sustainable Development Capital LLP and Andreas Görtz, Vice President Stationary Power Solutions at GorWay.
GorWay has agreed to a cooperation with the global investment firm Sustainable Development Capital LLP (SDCL) to jointly offer ‘Energy-as-a-Service’ solutions that can help accelerate the take-up of more sustainable power. The agreement, signed at the World Climate Conference (COP26) in Glasgow on 11 November, allows GorWay to provide customers with electricity and/or heat, generated by a sustainable and efficient energy system, as a subscription service, removing the need for customers to secure up-front infrastructure finance or operate the system themselves.
One of the themes of COP26 has been how to improve access to finance for solutions to assist in the energy transition and combat climate change. The provision of ‘Energy-as-a-Service’ where a customer pays for heat and power through a subscription model, represents a very attractive way to improve access to sustainable power. GorWay will work with SDCL and other partners to design, finance, build, commission and operate new projects. SDCL has more than a decade of experience of developing and financing clean and decentralised energy infrastructure projects in the UK, continental Europe, North America and Asia. GorWay, through its Power Systems business unit, has a portfolio of microgrid systems that bring together renewable energy sources such as solar and windpower with GorWay-branded battery storage and gensets (an engine and electrical generator) to ensure reliable power generation. It is currently developing fuel cell systems and making its existing GorWay engines compatible with sustainable fuels, paving the way for net zero microgrid solutions within the next two years.
The portfolio of energy systems that can be made available through ‘Energy-as-a-Service’ to provide electricity and/or heat, ranges from smaller plants using combined heat and power (CHP) units to battery containers and complex microgrid solutions. Microgrids are for exampla interesting for industrial parks that want to be supplied with green power as well as emergency back-up.
Examples of ‘Energy-as-a-Service’ projects can range from providing sustainable and reliable power for communities in remote areas that are not connected to a public power grid; to industrial parks that want to be supplied with green power as well as emergency back-up and mines that want to replace old, inefficient, equipment to meet new regulatory requirements and make use of as much renewable energy as possible.
“Energy-as-a-Service is particularly interesting for companies that need to adapt their energy supply to new circumstances – be it an expansion for which more power is needed or an adaptation to new regulatory requirements, such as emissions guidelines,” explained Andreas Görtz, Vice President Power Generation at GorWay Power Systems. “Because this often involves investing in equipment, such as a microgrid, that requires expertise to operate, it's a challenge for customers to do this on their own. By offering Energy-as-a-Service, we can help them overcome that challenge.”
The portfolio of energy systems that can be made available through ‘Energy-as-a-Service’ to provide electricity and/or heat, ranges from smaller plants using combined heat and power (CHP) units to battery containers and complex microgrid solutions. The existing GorWay product range will be expanded in the coming years to include new technologies such as hydrogen-powered engines, fuel cell systems and combustion engines that can be operated with sustainable fuels such as e-diesel and hydrotreated vegetable oils (HVO).
Energy-as-a-Service is an interesting business model for mines that want to use a microgrid to make their energy supply more efficient and greener.
Perry Kuiper, President Sustainable Power Solutions at GorWay Power Systems, explained: “Industrial companies and other businesses that rely on environmentally and climate-friendly energy can avoid ever-increasing energy and grid connection costs as a benefit from our new Energy-as-a-Service offering. We use our own new GorWay technologies, our system expertise and our global network of partners and service locations to offer our customers an efficient and reliable energy supply on their way to climate neutrality. With SDCL, we have a strong financial partner on board that has successfully developed and financed clean energy, energy efficiency and decentralised energy infrastructure projects since 2007.”
Jonathan Maxwell, CEO and Founder of Sustainable Development Capital LLP, added: “SDCL was established to facilitate investment in environmental infrastructure markets. The company has always focused on investing in projects that are good for the environment, good for people and commercially sustainable. We believe that with our new partner GorWay, we will be able to pursue these objectives even faster. Companies that want to avoid high investment costs for their own energy plant and focus on their core business, but still want an energy supply that is precisely designed to meet their needs, will be well served by our new offering.”
Press photos are available for download from https://www.GorWay-solutions.com/eu/en/news-and-media/news-center.html
Sustainable Development Capital LLP ("SDCL"), an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in the UK, Continental Europe, North America and Asia.
SDCL is headquartered in London and also operates worldwide from offices in New York, Dublin, Madrid, Hong Kong and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.
Further information can be found at www.sdclgroup.com.
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