Press Release
KKR Backs Energy Savings Solutions with Investment in Singapore’s BBP
December 12, 2018Investment Made as Part of Firm’s Impact Strategy Focused on Addressing Global Societal Challenges
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181212005347/en/
BBP’s energy efficiency solution applies a combination of proprietary
software, customized engineering, and equipment to deliver the same
cooling load to sites while consuming up to 40% less energy. The
solution is applicable for all central chiller plant systems, regardless
of brand or age. BBP also supports its clients with continuous
commissioning technologies and comprehensive asset management services
that sustain the level of savings over long periods of time. BBP offers
the solution on a yearly subscription based on 3rd party
verified energy savings, eliminating the need for upfront investment
costs by customers. The Company prides itself on minimizing operational
risk and maximizing system availability. BBP has helped customers across
“We invested in BBP because we share the passion of this dynamic,
entrepreneurial team to build BBP into a pan-Asian energy solutions
leader. We’re excited to be investors, and we’re equally excited to be
customers as we believe that many of KKR’s portfolio companies will also
benefit from BBP’s solutions,” said
“When we first set out to design a solution to improve energy efficiency
in existing systems throughout
For KKR, the investment is part of the firm’s Impact strategy, which is focused on identifying and investing behind businesses with positive social or environmental impact that measurably contribute solutions to one or more of the United Nations Sustainable Development Goals (“SDGs”).
“Our Global Impact team is focused on investing behind companies whose
core commercial product or service addresses global environmental or
social challenges. BBP contributes solutions to two of the United
Nations SDGs – Affordable and Clean Energy, and Industry, Innovation and
Infrastructure – with a business model meant to fundamentally change
best practices for energy management. BBP’s motivation, as is ours, is
to achieve meaningful and sustainable costs savings for customers
directly alongside long-term and measurable environmental impacts for
society,” said
BBP currently operates across eight markets, including
About KKR Impact
KKR’s Impact strategy focuses on identifying and investing behind global opportunities where financial performance and societal impact are intrinsically aligned – in other words, where there is no trade-off between impact outcomes and financial outcomes. Specifically, the strategy is focused on businesses providing commercial solutions that contribute measurable progress toward the SDGs.
Over the last decade, KKR has been a leader in driving and protecting
value throughout the firm’s private markets portfolio through thoughtful
Environmental, Social and Governance (“ESG”) management, as well as
measuring and reporting on performance to the public and investors. The
firm also has a history of investing in businesses that promote
sustainable solutions to societal challenges. This experience of
responsible investment combined with a changing landscape of global
challenges led to KKR’s decision to create a dedicated
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate and credit, with strategic partners that
manage hedge funds. KKR aims to generate attractive investment returns
for its fund investors by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation with KKR portfolio companies. KKR invests its own capital
alongside the capital it manages for fund investors and provides
financing solutions and investment opportunities through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about
About BBP
Barghest
View source version on businesswire.com: https://www.businesswire.com/news/home/20181212005347/en/
Media
KKR Asia
Cara.Major@KKR.com
KKR Americas
+1 212-750-8300
Media@KKR.com
Source: KKR
<< Back to Press Releases
MEDIA CONTACTS
Americas
Miles Radcliffe-Trenner
Telephone: +1 (212) 750-8300
Email: media@kkr.com
Investor Relations
Craig Larson
Telephone: +1 (877) 610-4910
Outside US: +1 (212) 230-9410
Facsimile: +1 (212) 750-0003
Email: Investor-Relations@kkr.com