Published by Todd Bush on August 24, 2023
Securitization style warehouse facility will expand deployment of Redaptive's metering, energy saving, and energy generating projects
DENVER, Aug. 24, 2023 /PRNewswire/ -- Redaptive, Inc., the Energy-as-a-Service (EaaS) leader, has announced it secured $125 million in financing from Deutsche Bank's US Private Credit & Infrastructure group to help accelerate metering, HVAC, solar, LED, EV, and other efficiency and sustainability solutions. The warehouse facility provided by Deutsche Bank will securitize Redaptive's diverse portfolio of customer contracts allowing Redaptive to provide customers with the most competitive pricing for EaaS and data offerings.
>> Additional Reading: Lennox International to Present at the Deutsche Bank 2022 Industrials Conference in New York
Redaptive helps major corporations achieve net zero goals through fully-funded end-to-end energy-saving and renewable upgrades with their EaaS offering. The company also tracks and analyzes building performance and consumption of water, gas, and energy for ESG reporting for customer building portfolios via their metering platform - Redaptive ONE.
Deutsche Bank AG, New York Branch has been selected as facility agent and Deutsche Bank Trust & Agency ABS and Document Custody Services team has been selected as account bank and verification agent on this $125 million committed warehouse facility for Redaptive.
"We're excited to partner with Deutsche Bank to further entrench Redaptive's leadership position in the Energy-as-a-Service market," said Redaptive CFO Matt Gembrin. "This partnership expands our ability to offer competitive solutions to help companies reach net zero and lower their carbon footprint."
Jeremy Eisman, Head of Infrastructure & Energy Finance for the Americas, Deutsche Bank said, "We are proud to partner with Redaptive to accelerate the implementation of their sustainability solutions and further support our shared net-zero ambitions."
The World Green Building Council estimates that almost 30% of global carbon emissions come from heating and powering buildings. EaaS and metering solutions like Redaptive's can achieve energy and financial savings faster with speed-to-scale implementation and help companies meet new energy efficiency regulations and ESG goals.
Redaptive is a leading Energy-as-a-Service provider that funds and installs energy-saving and energy-generating equipment. Redaptive's programs help many of the world's most sophisticated organizations reduce energy waste, optimize cost, lower carbon emissions, and meet their sustainability goals across their entire real estate portfolios. With Redaptive, customers can overcome capital and resource barriers to achieve energy-saving benefits quickly, all with continuous data powered by Redaptive's proprietary metering technology. Redaptive was founded in 2015 and is headquartered in Denver, Colorado. For more information, visit: Redaptive.com.
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
SOURCE Redaptive
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛢️ Exxon's Gas Strike, EPA Smackdown, and Carbon Curveball 🏭 MHI Awarded Contract for Basic Design of Japan's Largest CO₂ Capture Plant at Hokkaido Electric Power's Tomato-Atsuma...
Inside This Issue 🌊 The Quiet Rise of Offshore CO2 Storage: North America's Emerging Frontier for Carbon Capture 🍁 Canada Invests in Carbon Capture and Storage in Alberta 🛰️ Vortex Energy Finalize...
Inside This Issue ⚖️ CDR at a Crossroads: Is Private Sector Innovation Enough to Offset Washington's Wobble? 🌱 Exomad Green’s Biochar Field Study Reveals Significant Crop Yield Improvements In Bol...
Paris, France - Natural State Renewables, a future leader in carbon-negative sustainable aviation fuel (SAF) production, is thrilled to announce its strategic partnership with Axens, a global leade...
Energy Startup Arbor Notches $41M Deals Amid Trump Reversals
Arbor, a startup that promises both CO2 removal and clean baseload power, just announced $41 million in offtake deals as it courts hyperscalers' growing energy needs. Why it matters: The contracts...
Microsoft Buys 2.95m Tons of Carbon Removal Credits From CCS Project in Denmark
Credits generated by project Gaia, an EfW joint venture between CIP and Vestforbrænding Microsoft has signed a carbon removal agreement with Gaia, a joint venture between Copenhagen Infrastructure...
Milan - Tulum Energy, a pioneering methane pyrolysis startup, has successfully closed a $27 million venture financing round. This significant investment, led by CDP Venture Capital, through its Gre...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.