CBRE Group and Altus Power, the clean electrification firm CBRE’s blank cheque company is buying in a $1.6bn (£1.2bn) deal, have launched a service that seeks to identify clean energy opportunities to help commercial real estate owners and occupiers meet their energy needs while reducing their carbon footprints.
The offering leverages CBRE’s commercial real estate data platform, analytics and proprietary algorithms to identify and model clean energy opportunities for commercial and industrial properties, community solar projects, and electric vehicle charging stations.
The tool uses artificial intelligence to identify promising rooftops from CBRE’s dataset of more than 100bn sq ft of commercial real estate, model building energy demand, potential power generation and identify opportunities where solar energy and/or battery storage can be deployed to accelerate owners’ and occupiers’ carbon reduction efforts.
Julia Sears, chief digital officer at Altus Power, said: “The early success of our technology collaboration accelerates our ability to identify attractive opportunities for clients to deploy clean energy solutions at scale to deliver decarbonisation outcomes and reduce energy bills at no cost to those clients.”
Bill Bernabei, global head of business analytics at CBRE Global Workplace Solutions, added: “Our vast trove of data, combined with Altus Power’s clean energy expertise and distribution network, provides a unique advantage to property owners and occupiers that are looking to drive down energy costs while lessening their impact on the environment.”
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