Becker’s Healthcare Podcast Reinvesting in Care: How Novant Health Turned Energy into a Strategic Asset
Jul 14, 2025
David Krauss, Executive Vice President at ENFRA, and Alice Pope, CFO at Novant Health, dive into how Novant transformed energy into a strategic asset. They reveal how an innovative energy-as-a-service partnership unlocked $855 million for sustainability and infrastructure. The duo discusses the importance of environmental commitment, innovative financing, and strategic growth in healthcare. Their insights showcase how effective energy management can enhance patient care while paving the way for future advancements in the industry.
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Energy as Strategic Asset
- Novant Health viewed energy infrastructure through sustainability and financial stewardship lenses.
- They preferred the energy-as-a-service model because it retained asset ownership and team members.
Unlocking Value from Energy Assets
- Novant unlocked $855 million by leveraging energy infrastructure assets without added debt.
- They invested in energy conservation, deferred capital needs, and strategic growth.
Early Team Engagement Crucial
- Assemble a multidisciplinary team early when considering energy-as-a-service.
- Engage legal, finance, engineering, operations, and strategy to shape flexible transaction structures.