by Brianna Crandall — May 7, 2018 — Global commercial real estate services and investment firm CBRE Group recently announced that it has made a strategic investment in energy services firm Redaptive. Headquartered in San Francisco, Redaptive is a fast-growing provider of integrated energy efficiency solutions and energy financing for building owners and occupiers. CBRE is a Fortune 500 and S&P 500 company headquartered in Los Angeles with more than 80,000 employees and approximately 450 offices worldwide.
Matt Werner, global president, Facilities Management, CBRE, remarked:
Redaptive offers a new and compelling service for CBRE clients. CBRE’s strategic partnership and investment will enable Redaptive to expand its capacity into more portfolios worldwide, while helping our clients reduce costs and improve sustainability.
Mr. Werner will join the Redaptive Board of Directors, representing CBRE and other external investors.
According to CBRE, Redaptive differs from traditional energy services firms in that it offers portfolio-wide, turnkey efficiency solutions, backed by transparent measurement and verification reporting. Redaptive finances and manages building efficiency projects, recovering costs from savings delivered. Redaptive’s solutions allow clients to implement projects in a risk-mitigated manner, leveraging third-party technology and installation partners.
John Hagen, CBRE’s managing director, Energy and Sustainability, remarked:
Every one of our client portfolios has latent energy inefficiencies, presenting an opportunity for improvement. The challenge for many of our clients is securing capital and project resources to implement energy conservation measures when their organization has so many other priorities. We are excited to support Redaptive and bring forward a compelling option for our clients.
Arvin Vohra, Co-CEO of Redaptive, added:
We are thrilled to have this strategic support from CBRE. It will enable us to accelerate our product offerings and continue to break down the barriers to large-scale efficiency deployments.
John Rhow, Redaptive Co-CEO, noted:
CBRE and Redaptive are already collaborating to solve complex client problems and design unique solutions to accelerate and scale energy efficiency. This investment and partnership bodes well for the future of the industry.