Redaptive, an Energy-as-a-Service (EaaS) provider, announced the successful closing of a $650 million (CAD 903 million) credit facility from CDPQ, a global investment group, and Nuveen, the investment manager of TIAA. This facility 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 its 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-powered insights, and proprietary metering technology to turn energy and infrastructure into a strategic engine of efficiency and performance.
“This new credit facility is a vote of confidence in both our team and our mission,” said Matt Gembrin, CFO of Redaptive. “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.”
Redaptive will leverage this capital to continue its support of enterprise customers with
data-driven efficiency and energy generation programs, including HVAC, LED lighting, solar, storage and metering solutions, and other upgrades that can be deployed at large-scale multi-site portfolios. 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.
“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,” said Don Dimitrievich, Head of Nuveen’s Energy Infrastructure Credit business. “Our investment reflects our confidence in Redaptive’s ability to scale their business, while reducing carbon emissions globally.”
The new facility from CDPQ and Nuveen underscores 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 their customers through their Energy-as-a-Service solution and the Redaptive ONE data platform. With this latest support, Redaptive is poised 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.
“CDPQ and Nuveen are both valued partners in our journey, and we are grateful for their trust in Redaptive’s vision,” said Arvin Vohra, CEO of Redaptive. “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.”
