Partnership offers a national model for campuses to rapidly reach climate goals
through renewables and efficiency upgrades
SAN FRANCISCO, CA — Oct. 21, 2021 — Redaptive, a leader in portfolio-scale energy solutions, today announced its partnership with the Institute for Advanced Study (IAS), one of the world’s leading postdoctoral research centers for theoretical research and intellectual inquiry. Together, Redaptive and IAS will greatly reduce energy consumption on the Institute’s 800-acre Princeton, New Jersey campus while achieving $10.1 million in energy and infrastructure savings for the organization.
Through the partnership, Redaptive is installing a geothermal system demonstrating the company’s aggressive expansion of its holistic, multi-faceted Energy-as-a-Service offering. As part of the efficiency measures, Redaptive has installed LED lighting, a hot water recovery system, and variable-frequency drives (VFDs). The upgrades are expected to reduce the campus’s annual energy use by 2.83 million kilowatt-hours (kWh) and 226,000 therms. That is equivalent to 3,200 metric tons of CO2 emissions or the greenhouse gas emissions from 696 passenger vehicles or the energy use of 385 homes’.
The IAS partnership with Redaptive positions the Institute as a national climate leader, putting it ahead of most other learning and research institutions in its path towards net neutrality. Of the 450 teaching institutions that have pledged to work toward carbon neutrality since 2007, according to Second Nature, only 10 have presently reached their goals. With atmospheric levels of carbon dioxide at an all-time high, higher education and research institutions are joining corporate and commercial energy users to lead in emission reduction. IAS’ work with Redaptive also further demonstrates the partners’ emphasis on reducing emissions rather than offsetting them as many corporations do, according to a recent UN report.
“We’re proud to help set the national pace for educational institutions seeking to eliminate their carbon footprint and create sustainable energy systems,” said Janine M. Purcaro, Chief Operating Officer, for IAS. “The Redaptive team has been an exceptional partner, maintaining flexibility and working to achieve our goals with the resources available to us. Redaptive’s Energy-as-a-Service program makes it possible for us to have a large-scale positive impact on the environment within our chosen financial resources.”
“Educational and research institutions face an enormous opportunity to reduce their carbon footprint and create sustainable, cost-saving infrastructure through efficiency upgrades and integration of renewable energy,” said Arvin Vohra, CEO of Redaptive. “Our partnership with the Institute marks the first net-neutral oriented project in Redaptive’s portfolio. It is a major step forward for our green technology work and aligns with our long-term mission to change how buildings consume resources.”
Redaptive provides fully funded portfolio-scale energy upgrades leveraging data and generating turnkey building savings for enterprise customers. The company’s flexible capital solutions and contracting structures help customers with distributed real estate portfolios and large single sites overcome financial and logistical barriers for energy savings. Redaptive helps universities, Fortune 500 companies, and other customers reduce costs and reach carbon-reduction targets, all while maintaining optimal building asset performance.
An infographic is available with additional project details: https://live-redaptive.pantheonsite.io/wp-content/uploads/IAS-Redaptive-Geothermal-Infographic.pdf