Catalyze, a fully integrated developer and Independent Power Producer (IPP) of distributed renewable energy assets, has formed a strategic partnership with Cushman & Wakefield to expand the adoption of solar and storage technologies across commercial and industrial (C&I) real estate in the United States. The goal is to increase operating income, reduce utility costs, reach ESG goals and alleviate stress on the power grid.
Through this partnership, a Cushman & Wakefield team led by Nick Zarnin, Jonathan Serko, Gary Greenspan and Gene Slageter will work closely with Catalyze’s team led by Mike Williams, Bob Stickney and Jimmy Joe Granito, to identify and secure new opportunities for renewable energy installations. Catalyze seeks to broaden its reach and make sustainable energy solutions more accessible to businesses across a range of diverse industries.
“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,” said Jared Haines, CEO of Catalyze. “It’s been a pleasure working with Cushman & Wakefield, and by combining our experience and expertise in the C&I market, we can more effectively deploy impactful renewable energy solutions at scale. Not only can Cushman help its clients reach their ESG goals but also increase their Net Operating Income (NOI) by adding new lease and rental income for areas used for installations.”
Cushman & Wakefield set ambitious emissions reduction targets to not only reduce absolute GHG emissions from its corporate operations, but also in the facilities the firm manages on behalf of its clients, which are some of the world’s largest commercial real estate owners and occupiers. This partnership aligns with the company’s commitment to provide a unique suite of integrated sustainability solutions that help clients achieve their net-zero ambitions, reduce operational costs and add value to real estate assets.
“Our strategic partnership with Catalyze is a testament to our shared commitment to decarbonize the built environment by being at the forefront of the clean energy revolution,” said Jessica Francisco, Cushman & Wakefield’s chief sustainability officer. “Together, we are poised to advance the adoption of solar and storage technologies while driving down costs for our clients.”
Catalyze’s recently announced the operation of a solar and storage project installed at 66 Galen, a purpose-built life science building in Watertown, Massachusetts.
