The Global Renewable Independent Power Supplier (“GRIPS”) supplies commercial and industrial energy consumers across all sectors with reliable, competitively priced and renewable-focused energy. Our activities foster economic growth and contribute towards CO2 reduction worldwide. We are technology agnostic and independent; we use the most suitable technology and implementation partners (e.g. EPCs) for each project.
Large energy consumers seeking affordable and stable power usually rely on carbon intensive and in some cases expensive solutions. These typically come in the form of inefficient diesel generators and/or fossil-fuelled, unreliable public grids. Although renewable energy is almost always cheaper than diesel power, and in some cases cheaper than public grids, securing financing for such a project is a big hurdle. Upfront investments for projects that are not at the core of our customers business are difficult to be financed on their own. Moreover, external funding is typically expensive or not available at all.
In aggregating several of these projects into an investable portfolio, we connect investors with energy consumers in developing, newly industrialized and developed regions. Our customers do not incur any capital expenditures since GRIPS finances and implements the projects on the basis of flexible contracting solutions, such as Power Purchase Agreements (PPAs) or leasing models.
GRIPS does not only produce electricity; we supply our customers with exactly the energy they need, on site and on a full-service basis. We offer a one-stop shop for sustainable energy supply; this includes advisory services for accessing the customer’s needs and pre-project development, financing, implementing, and operating each system.
Winner of Finance for Resilience (FiRe) 2016
On 5 April 2016, Grips was announced a winner of Finance for Resilience (“FiRe”) at the Bloomberg New Energy Finance (BNEF) “The Future of Energy” Summit in New York. FiRe is an action-oriented, international platform screening for ideas that accelerate finance for clean energy, climate, sustainability and green growth. FiRe is focused on actionable, private sector-led interventions that bear the potential of significant incremental finance and can be implemented independently from the international policy process of climate change.
Finalist at the Climate Finance Lab
In 2014, still in concept phase, Grips applied in the first cycle of the Global Innovation Lab for Climate Finance (“Climate Finance Lab”). The Climate Finance Lab is a global high-profile initiative that supports the identification and piloting of cutting edge climate finance instruments. It aims to drive billions of dollars of private investment into climate change mitigation and adaptation in developing countries. Out of over 90 ideas handed in, Grips was one of the seven to qualify for the finals.
The initiative was funded by the UK Department of Energy & Climate Change (DECC), the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB), and the U.S. Department of State and was backed by a variety of development finance institutions, private sector companies and others. The overwhelmingly positive feedback that we received from both public and private sponsors strengthened the team’s decision to put Grips into practice.