Forty-six percent of U.S. commercial buildings were built before 1980 and the median commercial building is 36 years old, according to the U.S. Energy Information Administration's Commercial Buildings Energy Consumption Survey. The core infrastructure inside, including lighting, HVAC, controls, and building systems, is often just as old, driving up energy consumption and maintenance costs year over year.
Facility operators managing energy-intensive portfolios often defer HVAC and controls upgrades because the capital sits outside the annual budget cycle, even when the projects pay for themselves in energy savings. This new partnership helps organizations move from reactive maintenance and deferred infrastructure investments to proactive, data-driven, condition-based asset lifecycle management. With Redaptive's platform, facility upgrades become a strategic investment that customers can fund without drawing on their own capital budgets.
"Our customers trust Verantum to be an honest broker, helping them identify the hardware and solutions that offer the best technical fit and long-term value for their organizations," said Ryan Adelman, CEO of Verantum. "Through our partnership with Redaptive, we can make acting on those recommendations significantly easier. By combining the asset intelligence and investment priorities surfaced through Verantum's Asset Analytics engine with Redaptive's innovative and flexible financing model, customers can move critical HVAC and controls upgrades forward at portfolio scale, without waiting for the next capital budget cycle."
By combining asset intelligence, capital planning, and flexible financing, Verantum and Redaptive provide a streamlined path from identifying opportunities to funding and implementing energy efficiency and infrastructure upgrades.
"Redaptive is exclusively focused on optimizing energy consumption for large commercial and industrial organizations by delivering energy efficiency, generation and flexible load solutions that modernize infrastructure, reduce costs, increase capacity, and build resilience at scale," said John Rhow, Executive Chairman and President of Redaptive. "Pairing Verantum's asset data with our financing model means a customer doesn't have to choose between this year's budget and next year's performance."
