Redaptive, Energy Efficiency Leader, Recognized by the U.S. Department of Energy for Achieving Better Buildings Challenge Financial Ally Goal

As building efficiency standards increase around the U.S., Redaptive helps manufacturing customers like Bentley Mills upgrade their facilities

San Francisco, CA – May 20, 2019 – Today, the U.S. Department of Energy (DOE) recognized Redaptive, a leading provider of data-driven energy efficiency services for commercial and industrial customers, as having achieved its goal as a financial ally of the Better Buildings Challenge. The Better Buildings Challenge is a DOE program that works with market leaders to drive the acceleration of cost-effective and proven strategies to improve the energy efficiency of the nation’s buildings. With portfolio projects that span across 44 states and 205 utility regions, Redaptive has unlocked tens of millions of dollars in savings in commercial buildings.

Redaptive has achieved its goal of $50 million in funds extended for energy efficiency projects in 2018. Since the Better Buildings Challenge launched in 2011, partners have saved nearly $4 billion dollars and 470 trillion BTUs of energy, while total funding extended surpasses $19 billion.

Redaptive worked with 2018 Better Plants Energy Savings Goal Achiever Bentley Mills, California's largest carpet design and commercial manufacturing company, to implement a number of energy efficient retrofits at their corporate office and manufacturing facility in the City of Industry that resulted in an annual savings of $270,000 and 1.64 million kWh.

Redaptive provides capital solutions, data transparency and project resources to scale efficiency deployments through an innovative platform, enabling measurable savings and project underwriting. Redaptive’s platform helps companies track the savings from LED, HVAC and RTU retrofits, replacements and other infrastructure equipment to empower energy managers with insights and metrics to enhance business performance. By taking on every aspect from plan to execution, Redaptive removes the risk and ensures project success, making it easier for customers to switch to energy efficiency technologies at scale across their real estate portfolios.

About Redaptive
Redaptive enables large-scale rapid deployment of energy efficiency technologies and delivers immediate returns and long-term value across our customers' real estate portfolios. Our 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 to determine a monthly avoided energy payment. Redaptive currently manages a national portfolio of efficiency projects for commercial and industrial customers, including AT&T, Aramark and McKesson, and many other Fortune 500 companies. The company is headquartered In San Francisco, CA. Redaptive investors include CBRE, ENGIE New Ventures, Evergy Ventures, and Linse Capital. For more information, please visit our website at redaptiveinc.com.

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