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Johnson partners Apollo to tackle energy efficiency
- August 16, 2021
- Steve Rogerson
Johnson Controls and New York investment management company Apollo Infrastructure have joined forces to improve sustainability and energy efficiency for commercial buildings.
The turnkey performance-based infrastructure services should provide decarbonisation and energy efficiency while optimising building performance using a subscription-based model.
The venture is intended to provide users across the USA and Canada with performance-based energy efficiency and smart buildings services at no upfront costs and with predictable monthly fees.
The sustainability services will leverage Johnson Controls’ decades of experience in energy efficiency performance contracting, along with its OpenBlue smart buildings technology and services, including the recently launched OpenBlue Net Zero Buildings-as-a-Service. Apollo brings its infrastructure expertise and fund capital to offer flexibility to meet energy savings and decarbonisation objectives.
“Johnson Controls is a trusted global leader in sustainable buildings, and we’re thrilled to combine their expertise and scaled suite of services with our fund capital and experience to bring customers fully financed, turnkey solutions to lower energy costs, improve energy reliability and reduce their carbon footprint,” said Geoffrey Strong, senior partner at Apollo. “We see strong and enduring demand for greater energy efficiency and sustainability. This new venture will help companies find innovative, more affordable means to take on these critical infrastructure projects and aligns with Apollo’s longstanding commitment to ESG.”
The venture targets a range of efficiency offerings tailored to schools, campuses, data centres, healthcare facilities, and commercial and industry facilities, as more firms look to meet environmental standards to combat climate change and reach their carbon neutrality goals. The partnership provides an option for addressing the North American segment of the estimated $240bn global market for decarbonisation retrofit and services over the next decade.
“Meeting decarbonisation, energy efficiency and sustainability goals while managing risk and reducing cost is a clear priority for our customers,” said Johnson Controls executive vice president Olivier Leonetti. “This new venture with Apollo combines strategic capital with our cutting edge OpenBlue services to provide customers with guaranteed outcomes and risk management models to achieve emission reductions and sustainability commitments and contribute to healthier buildings, people, places and planet.”
With a global team of 100,000 experts in more than 150 countries, Johnson Controls offers building technology, software and services.
Apollo is a high-growth, global alternative asset manager. It has approximately $472bn assets under management.