Redaptive raises $100 million from CPP Investments to scale energy-saving solutions for commercial and industrial sectors, enhancing its role in decarbonization initiatives.
Redaptive has successfully raised $100 million in equity investment from the Canada Pension Plan Investment Board (CPP Investments) to enhance its energy-saving and decarbonization solutions. Established in 2015 and based in Denver, the company focuses on assisting large commercial and industrial enterprises in minimizing energy waste, reducing costs, and lowering emissions.
Redaptive's comprehensive approach includes managing long-term energy efficiency programs, from diagnostics and project development to funding, procurement, and monitoring, all through a shared savings model that requires no upfront costs.
The latest funding will facilitate the company's growth in project execution and the enhancement of its service offerings, responding to increasing demand for decarbonization solutions as organizations strive to meet their net-zero targets.
This latest investment follows CPP Investments' previous $200 million investment in Redaptive during its Series E funding round in 2022, underscoring the strong partnership between the two entities as they work toward advancing energy management and sustainability initiatives.
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