Igneo Infrastructure Partners has announced the launch of Vertis Energy, which is targeting behind-the-meter distributed energy assets at commercial and industrial sites.
Led by former Squadron Energy CEO Jason Willoughby, Vertis aims to help C&I businesses turn onsite solar and batteries into long-term energy infrastructure that can support grid flexibility, reliability, and resilience.
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The platform enters the market with binding agreements to acquire Green Squares Energy. Subject to FIRB and ACCC approvals, this is expected to add 46MW of operating distributed energy assets across around 240 Australian sites.
Willoughby said Vertis had been created for businesses ready to treat energy as a strategic lever for cost control, resilience, and competitiveness.
“Energy is no longer just a line item for facilities teams or procurement departments. For many businesses, it is becoming a much more material driver of cost certainty, resilience and competitiveness,” he said.
“Australian businesses have a major opportunity sitting at their own sites. The question is whether they continue to simply buy energy from the market, or use the assets they can control to create more certainty and value over the long term.
“There is significant value sitting closer to the customer—on business rooftops, behind the meter and in the energy assets companies can control directly. Vertis is built to help businesses capture that value.”
Willoughby said the Green Squares Energy acquisition gave Vertis a strong operating base from day one.
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“Vertis is entering the market with real assets, real customers and a clear role helping businesses capture more value from energy at their own sites,” he said.
