Cushman & Wakefield, Catalyze partner to increase renewable energy installations

Listen to the article
4 min

This sound is generated automatically. Please let us know if you have any feedback.

Diving:

• Cushman & Wakefield and Catalyze are partnering to expand the adoption of solar and storage technologies in U.S. commercial and industrial facilities.
• The strategic partnership will leverage Cushman & Wakefield’s network to identify and secure new opportunities for renewable energy installationswith Catalyze aiming to expand its reach and improve access to sustainable energy solutions among enterprises, according to a press release on Thursday.
• Two teams from the respective companies will work closely to expand the renewable energy facilities as part of the agreement, according to the release. The collaboration will help customers increase their operating income, reduce utility costs and achieve their ESG goals by reducing carbon emissions while reducing pressure on the power grid, the companies said.

Diving Perspective:

Buildings generate approximately 39% of global annual greenhouse gas emissions, with 28% coming from building operations, according to independent ESG data firm GRESB. Commercial buildings consume 75% of all electricity used in the US and 40% of the nation’s total energyaccording to the US Department of Energy.

Cushman and Wakefield said it has set “ambitious emissions reduction targets” to reduce absolute GHG emissions from its own corporate operations as well as the facilities it manages on behalf of its clients.

To further these efforts, the partnership with Catalyze will provide clients with access to integrated sustainability solutions that can help them achieve their net zero goals, reduce operational costs and increase the value of their real estate assets, says Cushman & Wakefield.

Catalyze, an integrated developer and independent power producer of distributed renewable energy assets, provides standardized, configurable systems to commercial and industrial property owners through its expertise in rooftop solar, community solar and batteries, according to the release. The company also offers proprietary technology, including a native software integration platform to operations and mounting technology for installing rooftop panels, according to the release.

The company recently announced operating a solar and storage project installed in a 224,106-square-foot Class A life sciences building in Watertown, Massachusetts, which involved the installation of 15 electric vehicle charging ports, according to an April press release. In April, Catalyze also announced the acquisition of 12 community solar projects in New York, totaling 76/7 megawatts, from BW Solar. At the time, Jared Haines, CEO of Catalyze said the transaction would be stimulating the demand for electricity from renewable sources in the state.

The partnership with Cushman & Wakefield builds on Catalyze’s momentum in the commercial and industrial sectors, according to the statement released Thursday.

“This partnership marks a significant step forward in our mission to accelerate the adoption of renewable energy among commercial and industrial customers, benefiting both tenants and building owners,” Haines said in the release. “(By) combining our experience and expertise in the C&I market, we can more effectively deploy impactful renewable energy solutions at scale.”

Haines noted that Cushman & Wakefield can not only help its clients achieve their ESG goals, but also increase their net operating income by adding new lease and rental income for facility-use areas.