Brookfield Renewable, a leading global renewable energy and decarbonization business, together with Trane by Trane Technologies, a global climate innovator, announce an agreement to offer decarbonization-as-a-service for commercial, industrial, and public sector customers, comprising energy efficient retrofits and upgrades of building energy infrastructure along with captive distributed solar, energy storage and other power generation across North America.
The agreement leverages Brookfield Renewable’s leading U.S. distributed generation business and Trane’s leading energy efficiency and technical, engineering, construction and project development experience to jointly develop and implement new customer opportunities. The innovative decarbonization solutions provided will help customers meet sustainability targets and reduce operating costs through upgrading critical energy infrastructure and installing onsite renewable energy.
“As owners and operators of one of the leading distributed generation businesses in the U.S. with a 2,000 megawatt portfolio, we are pleased to be positioned as a leading partner and solution provider for corporations and other institutions to achieve their decarbonization objectives,” said Valerie Hannah, CEO of Brookfield Renewable Distributed Generation. “As demand for decarbonization-as-a-service continues to grow, representing a $600 billion market opportunity over the next decade, we continue to increase and innovate our product offerings to meet customer demand, including in the high-value energy efficiency sector through this agreement. We look forward to working together with Trane to deliver leading decarbonization solutions to customers across North America.”