Redaptive, a leading Energy-as-a-Service (EaaS) provider, announced the closing of a $650 million (C$903 million) credit facility from CDPQ, a global investment group, and Nuveen (the investment manager of TIAA). This deal strengthens Redaptive’s ability to scale its innovative platform, meet accelerating customer demand, and deliver measurable business value through energy efficiency, renewable generation, and data-driven building performance.
Redaptive can now expand the investment in physical asset infrastructure across large enterprise portfolios, enabling customers to reduce operating costs, enhance resilience, and meet long-term business growth and sustainability goals, all without the end users’ upfront capital or added operational complexity. Redaptive’s platform combines flexible finance structures, AI-based insights, and proprietary metering technology to turn energy and infrastructure into a strategic engine of efficiency and performance.
Redaptive will utilize this capital to continue its support of enterprise customers with data-driven efficiency and energy generation programs, such as HVAC, LED lighting, solar, storage, and metering solutions, and other upgrades that can be deployed at large-scale multi-site portfolios. And this additional financing will enable Redaptive to expand its reach, increase project deployments, and further develop its solutions across the U.S., Canada, and certain European jurisdictions.
This new facility from CDPQ and Nuveen highlights Redaptive’s ability to drive meaningful progress toward decarbonization while enabling customers to build more resilient and efficient operations. Redaptive continues to set benchmarks in energy efficiency, sustainability innovation, and scalable energy solutions for its customers through its Energy-as-a-Service solution and the Redaptive ONE data platform. With this latest support, Redaptive is prepared to accelerate the deployment of its platform across new markets and solution categories, continuing to build momentum as the trusted infrastructure partner for enterprises navigating the energy transition.
KEY QUOTES:
“This new credit facility is a vote of confidence in both our team and our mission. Enterprises are under increasing pressure to modernize their infrastructure while staying financially agile. Our model continues to prove that you don’t have to choose between operational efficiency, capital discipline, and sustainability — you can achieve all three.”
Matt Gembrin, CFO of Redaptive
“Redaptive is a leader in helping their clients adopt energy and power solutions that reduce energy costs and consumption, while changing how industries approach sustainability. Our investment reflects our confidence in Redaptive’s ability to scale their business, while reducing carbon emissions globally.”
Don Dimitrievich, Head of Nuveen’s Energy Infrastructure Credit business
“CDPQ and Nuveen are both valued partners in our journey, and we are grateful for their trust in Redaptive’s vision. This additional support from both global investors allows us to scale our impact, bring our programmatic solutions to more customers, and accelerate the transition to a more sustainable future.”
Arvin Vohra, CEO of Redaptive
