Honeywell makes strategic investment in EaaS provider Redaptive
Honeywell (NASDAQ:HON) has made a strategic investment in San Francisco-based energy-as-a-service provider, Redaptive.
Terms of the investment were not disclosed.
Founded in 2015, Redaptive is an energy-as-a-service provider that funds and installs energy-saving and energy-generating equipment.
Combining Redaptive's advanced data technology and EaaS platform and Honeywell's experience in energy savings performance contracting and building controls capabilities, the collaboration will enable rapid deployment of technologies designed to reduce carbon emissions across a large portfolio of buildings.