(Photo provided by Redaptive) Redaptive, which specializes in making commercial and industrial buildings more energy efficient, has relocated its headquarters from San Francisco to Denver. The company has had an office in the Denver area since 2019.
A company that specializes in making the facilities of some of the country’s largest companies more energy efficient has moved its headquarters to Denver.
Redaptive, which describes itself as an energy-as-a-service provider, was formerly based in San Francisco. The company opened an office in the Denver area in 2019 and made the Mile High City its official headquarters in March.
“Denver was, I would say, our HQ2 with San Francisco as our main location,” said Arvin Vohra, CEO of Redaptive.
Making Denver the official headquarters “was a natural fit for us internally,” Vohra said. The office is located at the Tabor Center on 17th Street in downtown Denver.
In recent years, companies from across the country and around the world have relocated their headquarters to Denver. For example, Bay Area company Virta Health moved to Denver last year, as did British company Macs Adventure.
The city’s commitment to sustainability was a big draw for Redaptive. Vohra noted that Denver has a climate protection plan as well as goals for the transition to renewable energy.
Vohra said other factors in the move include Denver’s central location, quality of life, talent pool and area universities. Redaptive hires new employees every week. Vohra expects the current Denver workforce to grow to approximately 100 over the next few months.
The company also has sales offices across the country.
According to Vohra, Redaptive has grown dramatically since opening an office in Denver. In 2019, the company said it managed approximately 1,300 locations with more than 100 million square feet of commercial and industrial facilities in 44 states.
According to the company, Redaptive currently manages 3,000 locations covering approximately 200 million square feet of commercial and industrial properties in 47 states. Of these locations, 46 projects are in Colorado.
“The investment we are looking to make in Denver is very significant,” Vohra said.
The Canada Pension Plan Investment Board announced in late December that it had invested approximately $200 million in Redaptive.
“The ambition of our investors and the purpose of raising this kind of money is to grow the business dramatically,” Vohra said.
It is more important than ever to make buildings more energy efficient and environmentally responsible, he added.
Buildings are the source of about 40% of the world’s heat-trapping emissions. Reducing these emissions is seen as essential to dealing with climate change. Denver and other Colorado municipalities and the state are updating their building codes to promote energy efficiency and encourage the use of electricity in buildings instead of fossil fuels.
Redaptive works with companies across the country that want to save money by reducing energy use and meeting their own greenhouse gas emission reduction goals. The company designs the project to achieve these goals, prepays for the equipment and construction, maintains the equipment, and measures and verifies the results.
Companies Redaptive has worked with include AT&T, Whirlpool, Goodyear, Cintas and Bank of America.
“Often these customers have hundreds, if not thousands, of facilities,” Vohra said.
To meet their carbon reduction goals, “they just need more people doing more things faster,” he said.
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