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).
