Date
06/04/2025
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Alice Pope, executive vice president and chief financial officer, Novant Health
Building on robust environmental sustainability initiatives, Novant Health has entered into a 30-year Energy-as-a-Service (EaaS) partnership with ENFRA. The $855-million transaction closed June 3 and allows Novant Health to reinvest the funds in essential energy infrastructure modernization projects across the health system, including HVAC, electrical, and mechanical upgrades while advancing long-term sustainability efforts. ENFRA, formerly Bernhard, is one of the largest privately owned energy infrastructure firms in the nation and has provided innovative, client-focused energy infrastructure solutions for more than 100 years.
“ENFRA is a trusted leader in delivering EaaS solutions, and we’re proud to partner with them to reimagine critical energy-efficiency upgrades across Novant Health,” said Alice Pope, executive vice president and chief financial officer, Novant Health. “Not only will we realize energy cost savings, we anticipate achieving significant energy reliability, resiliency and sustainability, all of which support our ability to reinvest in what matters most – patient care. These savings create opportunities to upgrade technology, increase patient access and strengthen our services, reinforcing our commitment to finding innovative solutions to ensure our communities thrive for generations to come.”
This agreement allows Novant Health to unlock value from its energy infrastructure while reducing utility costs through energy-efficient infrastructure upgrades. ENFRA will guarantee a reduction in Novant Health’s energy and utility consumption for up to 30 years.
“Collaborating with Novant Health on this groundbreaking Energy-as-a-Service (EaaS) initiative is an exciting milestone for our team," said Rob Guthrie, chief executive officer of ENFRA. "ENFRA is on a mission to empower U.S. healthcare by offering and scaling our EaaS model as a compelling alternative to business-as-usual energy infrastructure practices. To partner with a system as large and innovative as Novant Health is a huge step forward in our mission. We could not be more thrilled to welcome them into our market-leading EaaS portfolio.”
