ENGIE North America and Axium Infrastructure, which operate jointly as Longwood Energy Partners, have completed the acquisition of a microgrid and district energy system serving six Harvard-affiliated medical institutions in the Longwood Medical Area in Boston. The six properties include Beth Israel Deaconess Medical Center, Boston Children’s Hospital, Brigham and Women’s Hospital, Dana-Farber Cancer Institute, Harvard Medical School and School of Public Health, and Joslin Diabetes Clinic.
The acquisition is under a long-term utility contract through 2051.
“This investment is a great addition to our existing North American portfolio of over 100 core energy, transportation and social infrastructure assets,” said Thierry Vandal, president of Axium Infrastructure U.S.
The microgrid and district energy system have a capacity to produce 99 megawatts of electricity, 1.1 million pounds per hour of steam and 42,000 tons of chilled water. The medical facilities have approximately 2,000 beds serving more than 100,000 inpatients and 2.4 million outpatients annually.
In 2017, ENGIE and Axium were awarded a 50-year contract to operate and optimize The Ohio State University’s utility system for its flagship campus in Columbus, Ohio.
