Redaptive, a Silicon Valley startup that works with large-scale commercial real estate owners to integrate energy efficiency gains into their portfolios, saves clients money with efficient appliances, heating, ventilation, air conditioning, and retrofits.
Redaptive uses predictive analysis to help clients track, forecast, and plan for their energy needs and then takes payment from customers’ energy bill savings. The company has already landed projects with large commercial real estate owners like AT&T, Aramark, Bentley Mills, and others.
“It’s just amazing to us how under the radar efficiency has been when it really should be the bedrock of thinking about clean energy,” says Redaptive co-CEO John Rhow. “The reason why energy efficiency hasn’t taken off as much as, let’s say solar and other types of sectors, is because it’s really hard to decipher what the true savings are on your utility bill … it’s a maintenance-based proposition where they just wait for stuff to fail,” he explains. “The way we approach the customers is that ‘you are literally wasting kph [kilowatts per hour] within your buildings,’” says Rhow, “which is bad for your shareholders and bad for the environment.”