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Redaptive Partners With UniFirst to Modernize Energy Infrastructure Across Facilities

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Multi-phase program projected to eliminate over 21,000 metric tons of CO₂ emissions DENVER, Jan. 14,...

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AI Summary

UniFirst's partnership with Redaptive aims to modernize energy infrastructure, reducing costs and emissions. The initial phase involves LED upgrades across 39 facilities, projected to save millions and lower carbon footprints over ten years. This initiative strengthens UniFirst's operational efficiency and long-term value for stakeholders.

Sentiment Rationale

Successful partnerships aimed at cost-saving and sustainability typically result in increased investor confidence, as seen in similar cases like Johnson Controls' energy projects.

Trading Thesis

Buy UniFirst (UNF) for potential long-term gains from cost savings and efficiency improvements.

Market-Moving

  • Projected energy savings could enhance UniFirst's profitability in coming years.
  • Significant CO₂ emission reductions may improve UniFirst's environmental credentials.
  • Further modernization projects could unlock additional operational efficiencies.
  • Positive sentiment from this partnership may attract more investors.

Key Facts

  • UniFirst partners with Redaptive for energy modernization across 39 sites.
  • Phase one focuses on LED light upgrades, enhancing energy efficiency.
  • Project expected to save millions in energy costs and reduce CO₂ emissions significantly.
  • Collaboration boosts operational efficiency and long-term shareholder value.
  • Additional energy modernization opportunities are under evaluation.

Companies Mentioned

  • Redaptive (N/A): Partnering with Redaptive is strategically beneficial for UniFirst's energy efficiency goals.

Corporate Developments

The article fits under 'Corporate Developments' as it discusses UniFirst's strategic initiative to modernize energy infrastructure, aligning with corporate sustainability and financial goals.

Redaptive Partners With UniFirst to Modernize Energy Infrastructure Across Facilities

Posted on PRNewsWire

Major Milestone in Energy Modernization Initiative

Redaptive, a leader in infrastructure monetization, has successfully completed the first phase of a comprehensive energy modernization program in collaboration with UniFirst Corporation (NYSE: UNF). This initiative spans 39 facilities across the United States and aims to significantly enhance energy efficiency and reduce carbon emissions.

Details of the Energy Modernization Program

The partnership between Redaptive and UniFirst involved substantial upfront investment and turnkey project management focused on LED lighting installations. The first phase targeted over 2.5 million square feet of facility space, effectively modernizing existing lighting systems for improved performance.

This modernization is anticipated to deliver notable financial advantages for UniFirst, including:

  • Cost savings amounting to several million dollars in energy expenses.
  • A reduction of over 21,000 metric tons of CO₂ emissions over a 10-year period.
  • The environmental impact equivalent to eliminating nearly 50,000 barrels of oil consumption.
  • A carbon output reduction comparable to the yearly emissions from 4,157 residential homes.

Strategic Insights from Leadership

Arvin Vohra, CEO of Redaptive, remarked, “UniFirst is setting an example for how enterprises can modernize outdated infrastructure while achieving business goals. Our strategic partnership highlights the potential of scalable solutions across large facility footprints, helping organizations achieve significant energy savings and carbon reductions while preserving capital.”

Matt Croatti, Senior Vice President at UniFirst, added, “Partnering with Redaptive allows us to strategically improve our operational infrastructure. This collaboration strengthens operational efficiency, reduces costs, and helps us advance our business objectives, creating long-term value for our customers, employee Team Partners, and UniFirst shareholders.”

About UniFirst Corporation

Headquartered in Wilmington, Massachusetts, UniFirst Corporation (NYSE: UNF) is a prominent provider of uniform and workwear programs, as well as facility service products, first aid, and safety supplies in North America. The company operates over 270 service locations and handles more than 300,000 customer locations, catering to over 2 million workers daily with its branded workwear and protective clothing.

About Redaptive

Founded in 2015 and based in Denver, Colorado, Redaptive specializes in transforming how energy and infrastructure projects are financed, delivered, and scaled. The company's innovative model, Infrastructure Monetization, focuses on replacing capital-intensive upgrades with scalable solutions that deliver measurable outcomes, thereby enhancing value creation and risk reduction for organizations.

Learn More

For more information about the partnership between Redaptive and UniFirst and its recent impacts, visit redaptive.com.

For press inquiries, contact Gwendolyn Keefe, Head of PR and Communications at Redaptive at [email protected]

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