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After launching in the United Kingdom, GI Energy started its US operations in 2011 with headquarters in Chicago. The company expanded from its initial focus on geothermal heat pumps into fuel cells, battery storage, microgrids and, more recently, batteries combined with solar as well as reciprocating engines for co-generation, said Tom Chadwick, Endurant CEO.
“What we found was we were an integrated house with one big gap, and that was capital,” he said.
Ultimately, a strong balance sheet is required to develop projects, according to Chadwick.
“You need it to be able to give the customer what they want, which I think is, increasingly, an alternative to utilities,” he said. Endurant’s projects range from single technology energy retrofits of historic landmarks to large-scale microgrids integrated with resource management and smart-city infrastructure.