Novant Health

In 2025, Novant Health, a nationally recognized integrated healthcare system, partnered with ENFRA to modernize its energy infrastructure through a 30-year, $855 million Energy-as-a-Service (EaaS) agreement. The partnership represents the largest EaaS transaction in U.S. healthcare history.

With a growing portfolio of critical care facilities across multiple states, Novant Health faced increasing operational demands, aging infrastructure, and rising energy costs. The organization sought a long-term solution that would enhance systemwide resiliency, reduce environmental impact, and unlock operational value, without the burden of upfront capital investment.

ENFRA’s turnkey EaaS model provided Novant Health with a fully integrated, off-balance-sheet solution to address these challenges. Under the agreement, ENFRA will:

• Deliver infrastructure upgrades across Novant’s facility portfolio
• Guarantee reductions in energy and utility consumption
• Operate and maintain energy systems over a 30-year term
• Support sustainability goals with decarbonization strategies

This comprehensive approach allows Novant Health to reallocate capital toward patient care while improving operational efficiency and environmental performance.

• $855 million investment in long-term infrastructure upgrades
• 30-year agreement with guaranteed energy savings and system performance
• Largest EaaS deal in U.S. healthcare history
• Projected millions in annual utility savings
• Enhanced system resiliency and risk mitigation
• Alignment with sustainability and ESG objectives

This partnership is more than a financial transaction, it’s a strategic move to modernize healthcare infrastructure while prioritizing patient care, sustainability, and long-term cost savings. The project demonstrates how healthcare systems can innovate through energy partnerships without sacrificing mission-critical resources.