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Energy Efficiency Leader Redaptive Secures $156.5Mn (Funding)
Redaptive
Date: 2020-10-09
San Francisco-based energy efficiency-as-a-service provider Redaptive Inc. reports closing on $156.5 million in funding led by CarVal Investors. Existing investors CBRE, Engie New Ventures, Evergy Ventures and Linse Capital also invested in the company alongside CarVal. The new funding will be used to expand the company's energy efficiency offerings.

Redaptive enables energy efficiency retrofit programs without upfront capital and guarantees results using directly measured building data. Redaptive's guaranteed energy and cost savings, risk management, and program funding have enabled over $380 million in sustainability projects and a total energy reduction of 1.1 billion kilowatt-hours -- equivalent to approximately 778,000 metric tons of CO2 or 1.8 million barrels of oil consumed.

The company's offerings include energy-efficient lighting and heating, ventilation and air conditioning (HVAC) systems, including boilers, chillers and rooftop units. With this funding, the company will be able to deploy over $1 billion in new projects, according to the release. (Source: Redaptive Inc., Website PR, 7 Oct., 2020) Contact: Redaptive Inc., Arvin Vohra, CEO, 415-413-0445, www.redaptiveinc.com

More Low-Carbon Energy News Redaptive,  Energy Efficiency,  Energy Efficiency-as-a-service ,  


Energy Efficiency Specialist Redaptive Opens in Denver (Ind Report)
Redaptive
Date: 2019-05-01
Energy efficiency as a service provider Redaptive is reporting the opening of an office in Denver, Colorado where it has 20 projects.

Redpative offers energy efficiency as a service, covering all the upfront costs. The company designs the project, pays for the equipment and construction, maintains the equipment and monitors the building's systems to verify the energy savings which, according to the ACEEE can save up to 25 pct in energy costs.

The company presently manages over 1,300 sites, covering more than 100 million square-feet of commercial and industrial facilities in 44 states, according to the company. (Source: Redaptive, Denver Post, 29 April, 2019) Contact: Redaptive, (415) 413-0445, www.redaptive.com

More Low-Carbon Energy News Redaptive,  Energy Efficiency,  

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