Redaptive

Redaptive is a leading Energy-as-a-Service (EaaS) provider that funds and installs energy-saving and energy-generating equipment across commercial and industrial facilities. Its programs help organizations reduce energy waste, optimize costs, lower carbon emissions, and achieve sustainability goals throughout their real estate portfolios. Redaptive overcomes the capital and resource barriers organizations face by financing and implementing the necessary upgrades, such as HVAC replacements, LED lighting installations, solar arrays, and EV charging stations. The company leverages proprietary metering technology to provide real-time data on energy consumption and savings.

Redaptive's business model involves charging customers a rate lower than their utility bills based on the kilowatt-hours saved through the implemented energy efficiency measures. This approach eliminates the need for upfront capital investments from clients. The company identifies and implements cost-saving opportunities across clients' operations, enabling long-term carbon and financial savings.

In August 2023, Redaptive secured a USD 125 million financing from Deutsche Bank to accelerate the deployment of its EaaS solutions. The following month, the company launched Redaptive ONE, a digital platform that tracks and analyzes building energy use data, providing actionable insights to facility managers and sustainability professionals.

Redaptive has partnered with notable companies like Cintas, undertaking multi-year projects to help them achieve net-zero emissions goals. The company manages approximately 3,000 sites spanning 200 million square feet across 47 states as of 2024. Its client base includes Fortune 5000 companies across various industries.

In December 2022, Redaptive received an investment of approximately USD 200 million from the Canada Pension Plan Investment Board. The company has raised around USD 440 million in funding to date.