On April 16, 2018, Redaptive, a leading provider of commercial Efficiency-as-a-Service (EaaS), announced that it has completed a $20 million investment round led by CBRE, the world's largest commercial real estate services and investment firm. CBRE was joined in the round by ENGIE New Ventures, GXP Investments, and Linse Capital. Wilson Sonsini Goodrich & Rosati represented Redaptive in the transaction.

Redaptive, based in San Francisco, differs from traditional energy services firms in that it offers portfolio-wide, turnkey efficiency solutions, backed by transparent measurement and verification reporting. Redaptive's EaaS enables businesses to accelerate portfolio-wide efficiency upgrades that generate immediate utility savings, and customers only pay for verified avoided energy—a stark contrast to the industry's legacy financing models. According to a press release, Redaptive has secured around $200 million in aggregate contract value to date, generating approximately 423 million kWh of saved energy.

The Wilson Sonsini team that represented Redaptive in the transaction includes:

Corporate:
Bob O'Connor, Partner
Randy Lewis, Partner
Jason Slagle, Associate

Energy and Infrastructure:
Scott Zimmermann, Associate

Delaware Law:
Ryan Greecher, Of Counsel

For more information, please see Redaptive's press release.