You can always use calibre server, on any device with any app. You can go to it from the browser and open books in any supported apps.
The purpose of Calibre Companion is different. Not only does it allow you to connect wirelessly as a device and store books, it allows you to have endless sorting and search functionality equal to calibre itself, and control all your books in every format from one central location.
Not everyone needs that, of course. If so, OPDS feeds should suffice admirably. (Barring the need for a constantly running server, and a lack of connectivity everywhere...)
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