Colorado-based energy-as-a-service company Redaptive has announced a digital platform that tracks and analyses a building’s energy use data.

This can be used to provide actionable insights for facility managers and energy and sustainability professionals.

Called Redaptive One, it assesses building performance, simplifies sustainability reporting and helps increase energy savings.

Most companies with a large multi-state real estate portfolio need to collect and interpret data across dozens of buildings. This means they have to sort through dozens of water, gas and electric bills to track total consumption. Redaptive One’s metering and data dashboard provides a real-time window into consumption across building portfolios, saving on average 50% on reporting costs and time to gather and interpret the data, in addition to saving between five and 15% on utility spend.

“Redaptive One represents the next big leap for Redaptive’s service offering,” said Redaptive CEO Arvin Vohra. “With Redaptive One, we’re providing our customers transparent data insights, easier ESG [environmental, social and governance] reporting, and the ability to validate the savings generated from the energy-as-a-service upgrades they install with us.”

First, Redaptive installs meters to measure electricity, water and gas usage allowing facility managers the visibility needed to optimise critical energy savings and energy generating equipment, and make informed operational improvements.

Sustainability specialists can then harness insights from the platform’s sustainability data module, which is seamlessly integrated with the Energy Star portfolio manager or third-party API tracking software to simplify energy reporting and benchmarking.

For commercial and logistics real-estate owners for instance, this capability has proven valuable as they typically lack direct access to tenants’ utility consumption data for the buildings they manage.

The Redaptive One platform was implemented at scale across 18 locations, managed by WPT Capital Advisors, in only five months. The company gained easy access to its energy consumption data for ongoing ESG and GRESB reporting without having to collect and decipher utility bills from its tenants.

“With Redaptive’s metering and the Redaptive One platform, our team can easily track and monitor consumption data, by building, across our entire portfolio for water, gas and electricity,” said Spencer Gerberding, partner at WPT Capital Advisors. “Prior to Redaptive One, gathering data was a slow, manual and time-intensive process. This real-time option also identifies inconsistent consumption patterns and automatically sends alerts that ultimately create safer, healthier buildings by identifying leaks and building systems that are running at off-peak intervals. As an added benefit, we are using these data to engage with our tenants to promote energy efficiency capital projects that decarbonise our buildings and assist our tenants in reaching their sustainability goals.”

Vohra added: “Dozens of our customers, like WPT Capital Advisors, have been great first adopters of our Redaptive One platform, and we’re extremely excited to bring this much-needed technology to the market. As we continue to expand the capabilities of Redaptive One, we can further empower customers to drive meaningful change and unlock a sustainable future.”

The launch follows Redaptive’s recent $250m fundraise with CPP Investments, Honeywell, CBRE, Linse Capital and others. These contributions have enabled Redaptive to continue supporting enterprises with data-driven energy generation and efficiency programmes to reduce their emissions and achieve their sustainability goals.

Redaptive was founded in 2015 and is headquartered in Denver, Colorado.