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Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC))))), a leading global renewable energy and decarbonization business, together with Trane® – by Trane Technologies (NYSE:TT), a global climate innovator, today 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."
"Sustainability is core to our business, and we are always looking for new ways to push ourselves and our customers further with sustainable solutions that help create a better planet for us all," said Donny Simmons, president, Commercial HVAC Americas, Trane Technologies. "Addressing climate change requires innovation, ambitious goals and bold action – such as our 2030 Sustainability Commitments, as well as creative collaboration with fellow industry leaders. We are pleased to team up with Brookfield Renewable to broaden the reach and scale we each can achieve with distributed generation and energy efficiency opportunities for our customers and, ultimately, the impact we can have toward a more sustainable world."
