Johnson Controls has announced a new partnership with Capital Dynamics to increase the amount of capital available for North American customers working on solar or battery storage projects.
According to the partners, the agreement will grant easier access to funding for Johnson Controls customers using a power purchase agreement for projects of varying sizes, starting at $1 million, by aggregating them into a larger portfolio of projects.
Battery storage and energy solutions systems from Johnson Controls allow for integration with existing building technology systems, such as Metasys, and use algorithms that provide for flexible and custom applications, such as demand management, frequency regulation and integration with renewables.
“Our customers working on solar or battery storage projects have historically faced challenges with funding and high costs, especially those in the education, healthcare and public housing industries,” states Brandie Williams, Performance Infrastructure business development director for the West region at Johnson Controls. “We’re proud of this relationship that showcases how dedicated Johnson Controls is to making efficiency and sustainability accessible for any customer, regardless of size.”
“We are delighted to have entered into a long-term strategic partnership with Johnson Controls and expand our commercial and industrial platform,” adds Benoit Allehaut, managing director at Capital Dynamics. “Johnson Controls is a leader in efficient energy solutions and integrated infrastructure and has a reputation for excellence. We look forward to working with the Johnson Controls team on new solar and storage solutions for their clients so they can achieve their sustainability goals.”
Through an existing joint venture with Consolidated Edison, Johnson Controls has already been working to expand the market for solar and battery solutions and the controls to integrate them.