JULY 2019
The rise of as-a-service (aaS) models shows how digital transformation – largely thanks to cloud technology – is impacting all sectors of business and life. Just like software as-a-service (SaaS), other “XaaS” models are becoming more prevalent. Energy-as-a-service (EaaS) is another advancement in the XaaS space by giving commercial and industrial clients the ability to commit to an energy service agreement without purchasing an energy system. This model deviates from traditional power purchase agreements (PPAs) and guarantees clients predetermined, locked-in energy costs while removing the upfront capital needed for new equipment installation. Often including a battery storage component, EaaS improves electricity consistency and promotes better environmental health. The battery storage system captures energy from renewable sources, which it can tap into – in place of carbon-emitting diesel energy sources – when electricity demands are high.
With the proliferation of EaaS, Siemens Financial Services (SFS) is accompanying Siemens through the transformation of new energy resources and new business models. Recently, SFS invested in a Brazil-based start-up, Micropower Energy (MPE; formerly Micropower-Comerc), to deliver solar and battery storage to commercial and industrial clients (C&I). Leveraging SFS’s investment expertise and capital resources, Siemens – with MPE – will help shape Brazil’s energy transition to a more decentralized energy network. This also is a major positive for the environment as batteries will replace diesel generators for backup energy.
With the proliferation of EaaS, Siemens Financial Services (SFS) is accompanying Siemens through the transformation of new energy resources and new business models. Recently, SFS invested in a Brazil-based start-up, Micropower Energy (MPE; formerly Micropower-Comerc), to deliver solar and battery storage to commercial and industrial clients (C&I). Leveraging SFS’s investment expertise and capital resources, Siemens – with MPE – will help shape Brazil’s energy transition to a more decentralized energy network. This also is a major positive for the environment as batteries will replace diesel generators for backup energy.
