CBRE and Altus Power Announce Technology Partnership to Advance Clean Energy Generation at Commercial & Industrial Properties

CBRE and Altus Power have developed an advanced proprietary tool to identify clean energy opportunities. The offering leverages CBRE's vast commercial real estate data platform, advanced analytics and proprietary algorithms. It helps property owners and occupiers meet their energy needs while reducing their carbon footprints.

CBRE Group, Inc., the world’s largest commercial real estate firm, and Altus Power, Inc. (“Altus Power”), a market-leading clean electrification company, have partnered to develop an advanced proprietary tool to identify locally sited clean energy opportunities that help commercial real estate owners and occupiers meet their energy needs while reducing their carbon footprints.

The offering leverages CBRE’s vast commercial real estate data platform, advanced analytics and proprietary algorithms to identify and model clean energy opportunities for commercial & industrial properties, community solar projects, and electric vehicle charging stations.

CBRE collects and analyzes billions of datapoints on more than 100 billion square feet of commercial real estate – ranging from property information to transaction detail to rooftop sizes to energy consumption information.

Altus Power and CBRE have developed a proprietary application that leverages artificial intelligence to rapidly identify promising rooftops from CBRE’s dataset. Using CBRE’s proprietary algorithms with access to advanced satellite imagery and CBRE’s up-to-date information, the application can accurately 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.

“Our partnership with CBRE is tremendous,”

said Julia Sears, Chief Digital Officer of Altus Power.

“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 decarbonization outcomes and reduce energy bills at no cost to those clients.”

“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,”

said Bill Bernabei, Global Head of Business Analytics in CBRE’s Global Workplace Solutions business.

CBRE is the parent company of CBRE Acquisition Sponsor, LLC, the sponsor of CBRE Acquisition Holdings, Inc. (NYSE: CBAH), a blank-check company, which announced plans for a business combination with Altus Power that is expected to result in Altus Power becoming a publicly traded company.

Source: CBRE press-release