Specialists in the investment, development and asset management of energy projects

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about us

HermeticaBlack is a specialist in the investment, development and asset management of energy projects.

We deliver decentralised energy generation assets and energy efficiency projects to create revenue, save cost and reduce carbon emissions. Our clients are real estate developers, property owners and infrastructure investors.

These projects include:
  • Heating and cooling networks
  • Utilities and power
  • On site generation
  • Energy efficiency
  • ESCo creation
We work with our clients and partners to:
  • Develop an energy strategy which creates greatest value to core business operations;
  • Identify and structure projects to deliver the strategy;
  • Procure best-in-class, bespoke teams and supply chain partners;
  • Manage the development, construction and operation of projects to deliver carbon savings and optimise returns while reducing and mitigating risks;
  • Track and optimise operational and financial performance;
  • Identify and secure external funding.

We are independent, technology agnostic, and have experience working at city, portfolio or building level.

WHAT WE DO

We work as developer or as part of the delivery team. Our expertise covers the entire lifecycle of energy projects and spans all aspects of investment, development, structuring, management and operation.

Strategic Advice:
  • Energy strategy
  • Identification of opportunities
  • Funding and structuring
  • Financial modelling and development appraisals
  • Identification and delivery of strategic goals and objectives
  • Value creation
Development Management:
  • Application of strategy and value creation
  • Procurement and supply chain partnering
  • Delivery of all contracts
  • Structuring to attract funding
  • Commercial negotiation
Asset Management:
  • Full asset management
  • Contract management
  • Performance monitoring and reporting
  • Operations management
  • Operational validation and reconciliation
  • Opportunity identification and refinance
PROJECT EXAMPLES
PROJECT EXAMPLES
  • SDCL – Development and Asset Management

  • Description:

    Support to fund manager investing in energy efficiency and decentralised generation projects.

  • Scope of services:

    Full service Development and Asset Management covering all operational projects, including initial due diligence, management of technical advisors, oversight of commissioning, contract monitoring, performance monitoring and commercial support.

PROJECT EXAMPLES
  • ABP – Royal Albert Dock

  • Description:

    HB have provided strategic and commercial advice, business and cashflow planning and full development, delivery and operation of an energy centre, heating and cooling network and new ESCo SPV creation for a mixed-use scheme of c.4.7 million sq. ft. and over 1,000 apartments.

    The ESCo own and operate the site central energy centre and will exclusively supply heating, cooling and power to the site. HB has developed the ESCo contractual and commercial structure.

  • Scope of services:

    Strategic Advice and business planning, Development Management during strategy, investment, project design and construction. On-going business planning and Asset Management during operation.

PROJECT EXAMPLES
  • Citi –Data Centre

  • Description:

    Installation of an energy centre with 2 no. 1.4MW GE Jenbacher CHP engines, and absorption chilling to support data centre operations in London. The project supplies c.70% of the electricity demand of the site.

  • Scope of services:

    Development Management during investment, project design and construction. On-going Asset Management during operation.

PROJECT EXAMPLES
  • Central Government – Strategic Reporting

  • Description:

    HermeticaBlack are working alongside central government departments and a top accountancy to help produce strategic reporting and detailed funding guidance on the UK decentralised energy sector. More to follow.

PROJECT EXAMPLES
  • Greystar - Greenford Quay

  • Description:

    HB has worked with Greystar to develop and deliver an energy centre, heat network and new Energy Services Company (ESCo) at Greenford Green - a mixed-use scheme in West London of over 2,000 apartments and 60,000 sq. m. of commercial and community space.

  • HB has delivered strategic and commercial advice, business and cashflow planning and development / asset management services for the ESCo - which will exclusively supply energy efficient heating to Greenford Green from a central energy centre, with renewable power being used for public and central services. HB has developed the ESCo contractual and commercial structure.

  • Scope of services:

    Strategic, commercial and business planning advisory, ESCo development management and project design / construction input. On-going Asset Management during construction and operation.

PROJECT EXAMPLES
  • NCP – Energy Efficiency

  • Description:

    Replacement of carpark lighting with energy efficient LED across the NCP portfolio, totalling c.66,000 fittings. Focus of the project was to increase lighting quality, safety and comfort of customers, and c.80% energy savings within the carparks.

  • Scope of services:

    Development Management during investment, project design and construction. On-going Asset Management during operation.

PROJECT EXAMPLES
  • Lend Lease – Deptford Wharves

  • Description:

    Strategic advice, business planning and ESCo procurement with Lend Lease for a residential led mixed-use scheme. The on-site energy centre will exclusively supply heat and some power and is to be built and operated under a long-term ESCo concession agreement. A fully funded ESCo model with risk transfer was procured.

  • Scope of services:

    Strategic Advice and business planning, procurement and input into design and construction.

Who we work with

We work with infrastructure investors and project / asset owners – typically real estate owners, developers and large energy users. We also work as advisors and subject matter experts for central government departments, local authorities, public bodies and other private companies and consultants.

Below is a selection of the companies we have worked with.

HERMETICABlack are members of the Association of Decentralised Energy

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