Redaptive, a provider of data-driven energy efficiency services for commercial and industrial customers, announced that it has been approved as a qualified provider for energy efficiency services through The New York State Energy Research and Development Authority's (NYSERDA) Real Time Energy Management (RTEM) program.

"Redaptive was selected for its ability to provide commercial customers with granular energy monitoring, facility optimization and turnkey energy efficiency services. Through NYSERDA's RTEM program, customers in New York State can save up to 30 percent on project costs for Redaptive's Efficiency-as-a-Service (EaaS) program," the company said

"Redaptive's EaaS platform enables large-scale deployment of energy efficiency improvements and retrofits, creating immediate and long-term savings. Customers can access and benefit from Redaptive's turn-key efficiency upgrades without upfront capital, as all costs are paid for through utility bill savings. Redaptive provides all the equipment procurement, data-driven analysis and assessment, installation and utility incentive administration without requiring time or resources from corporate or local facility teams," the company said

Redaptive's program is described as an all-in-one approach

Multifamily, commercial, and industrial customers in New York State are eligible for NYSERDA'S RTEM program, and NYSERDA provides a 30 percent cost-share incentive on the total cost associated with installing, commissioning, and providing service on an RTEM system.

Redaptive's Efficiency-as-a-Service solution provides turnkey efficiency upgrades that include materials, installation and maintenance. "Customers realize immediate utility bill savings and actual kWh savings are verified through Redaptive's metering and building intelligence platform," the company said

Redaptive currently manages a national portfolio of efficiency projects for commercial and industrial customers, including AT&T, Saint-Gobain, Aramark and McKesson, and many other Fortune 500 companies

Redaptive investors include CBRE, ENGIE New Ventures, Evergy Ventures, and Linse Capital.

In April 2018, ENGIE New Ventures (ENV), the corporate venture capital arm of ENGIE, announced a strategic investment in Redaptive as part of a $20 million financing.

In addition to the investment, ENGIE has forged a commercial partnership with Redaptive to bring its EaaS platform to ENGIE clients and the broader market.

Tags:
Redaptive   Innovation   Energy management  

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