Rabobank Provides $50 Million Financing For Energy Efficiency Leader Redaptive - Funding To Help Build Company’s Energy-as-a-Service Customer Portfolio

Accelerate Your Net Zero Journey
Accelerate Your Net Zero Journey

NEW YORK (July 13, 2021) – Rabobank, a global food and agribusiness bank and leader in sustainably-oriented banking, has announced it will provide a $50 million debt facility to support Redaptive, Inc., a San Francisco-based company that provides energy and metering solutions to companies in a variety of industries. Rabobank acted as sole mandated lead arranger, administrative agent and collateral agent for the facility, which will help Redaptive expand its commercial and industrial customer base.

“Redaptive is a pioneer in the growing Energy-as-a-Service (EaaS) industry, and Rabobank is proud to provide the funding that will help Redaptive drive its customers’ goals of reducing their energy consumption and associated costs,” said Claus Hertel, Managing Director-Project Finance at Rabobank North America. “This credit facility supports the energy saving contracts Redaptive signs with its commercial and industrial customers.”

EaaS continues to grow in North America and is becoming increasingly relevant as organizations seek to improve building efficiency to reduce operating costs and greenhouse gas emissions. Energy and sustainability services reduce downtime, mitigate risks, and increase the profitability of an organizations’ assets while also attaining LEED and green building certifications, important and desired designations as ESG protocols are implemented.

“We’re excited to partner with Rabobank to grow our platform in the commercial and industrial markets and enable more organizations to meet their energy reduction goals,” said Redaptive CFO Matt Gembrin. “This facility lowers the cost of doing business, diversifies our funding resources and allows us to provide our customers with the most competitive solutions in the marketplace.”

Redaptive works with companies to provide innovative, data-driven energy generation and efficiency programs including HVAC, LED lighting and other utility upgrades, which help customers meet their portfolio-wide sustainability goals.

About Rabobank

Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 38 countries worldwide. Founded over a century ago, Rabobank today is one of the world’s largest banks with over $765 billion in assets. In the Americas, Rabobank is a premier bank to the food and agriculture industry, as well as a leading project financier of solar, wind, bioenergy, and energy infrastructure projects, providing in-depth knowledge and expertise as well as full arranging, underwriting and syndication capabilities. Rabobank has financed more than 6GW of renewable energy projects to date and is dedicated to supporting the financing of the energy transition and new clean technologies. Additional information is available on our website or on our social media platforms, including Twitter and LinkedIn.

About Redaptive

Redaptive is an 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, save money, lower their carbon emissions and meet their sustainability goals across their entire real estate portfolios. With Redaptive, customers can overcome capital and contractual barriers to achieve energy-saving benefits quickly, all with real-time data powered by International Electron, Redaptive’s in-house Data-as-a-Service metering platform. Redaptive was founded in 2015 and is headquartered in San Francisco, CA. For more, visit https://redaptive.com/.

Link at BusinessWire

Accelerate Your Net Zero Journey

Pharetra vel turpis nunc eget lorem dolor sed. Malesuada pellentesque elit eget gravida cum sociis natoque penatibus et. Sapien nec sagittis aliquam malesuada bibendum arcu vitae elementum. Senectus et netus et malesuada fames ac turpis. Ipsum dolor sit amet consectetur adipiscing elit. Dolor sit amet consectetur adipiscing elit pellentesque habitant morbi. Leo vel fringilla est ullamcorper eget nulla. Id ornare arcu odio ut sem nulla pharetra. Gravida in fermentum et sollicitudin. Ac tincidunt vitae semper quis lectus nulla. Non blandit massa enim nec dui. Urna cursus eget nunc scelerisque. Quis commodo odio aenean sed adipiscing. Pellentesque elit eget gravida cum sociis natoque penatibus. Dignissim convallis aenean et tortor at risus. Amet consectetur adipiscing elit duis tristique sollicitudin.

Tristique nulla aliquet enim tortor at auctor urna nunc. Ullamcorper a lacus vestibulum sed arcu. Sit amet risus nullam eget felis eget nunc lobortis. Massa ultricies mi quis hendrerit dolor magna. Vitae congue mauris rhoncus aenean vel elit scelerisque mauris. Sapien et ligula ullamcorper malesuada. Sodales ut eu sem integer vitae justo. Turpis egestas pretium aenean pharetra. Aliquet eget sit amet tellus cras adipiscing. Eget est lorem ipsum dolor sit. Risus quis varius quam quisque id diam vel. Orci sagittis eu volutpat odio facilisis mauris sit amet. Tristique senectus et netus et malesuada fames ac turpis egestas. Mi quis hendrerit dolor magna eget. Consectetur adipiscing elit ut aliquam purus sit amet luctus venenatis. Placerat orci nulla pellentesque dignissim enim sit amet venenatis urna. Lobortis mattis aliquam faucibus purus in. Dignissim enim sit amet venenatis urna cursus eget nunc. Consectetur adipiscing elit pellentesque habitant morbi tristique senectus et netus. Tellus elementum sagittis vitae et leo. Aliquam sem et tortor consequat id porta nibh venenatis. Eu mi bibendum neque egestas.

Accelerate Your Net Zero Journey

Back to Newsroom

Want to learn more?

Redaptive will be hosting a webinar to illustrate examples of the potential benefits of the IRA to customers. In the meantime, reach out to us to explore how the IRA supports the energy efficiency and sustainability solutions you are considering.

Rabobank Provides $50 Million Financing For Energy Efficiency Leader Redaptive - Funding To Help Build Company’s Energy-as-a-Service Customer Portfolio

Accelerate Your Net Zero Journey

Accelerate Your Net Zero Journey

Want to learn more?

Related Articles

Redaptive Selected for Cleantech Group’s 2022...

Institute for Advanced Study Partners with...

Redaptive Announces Confidential Submission of...

Achieve bottom line benefits