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Navigant and InfraRed joint venture targets energy infrastructure

Steve Rogerson
June 4, 2019
US consultancy Navigant and UK investment management company InfraRed Capital Partners have launched Compass Energy Platform, a joint venture that provides a platform to help cities and utilities develop and finance local energy infrastructure.
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.
“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,” said Jan Vrins, leader of Navigant’s 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.”
Compass leverages a public-private partnership financing model and provides access to the services of engineering and construction service providers, among others, to assist its 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.
“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,” said Rick Bolton, CEO of Compass and director of new projects within Navigant’s 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.”
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).
“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,” said Thomas Buss, director at InfraRed Capital Partners.
Navigant Consulting is a specialised, professional services firm that applies deep industry knowledge, technical expertise and an enterprising approach to help its clients build, manage and protect their business interests.
With more than 600 consultants, Navigant’s global Energy practice is said to be the largest energy and sustainability consulting team in the industry. It collaborates with utilities and energy companies, government and NGOs, large corporations, product manufacturers, tech vendors, and investors. Its 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.
InfraRed Capital Partners is an investment manager focused on infrastructure and real estate. It operates from offices in London, Hong Kong, New York, Seoul, Sydney and Mexico. With around 150 professionals, it manages $12bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe.