KKR Announces 2018 Eco-Innovation Award and Eco Grant Recipients
Firm Rewards BBP,
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181218005926/en/
Pictured above from left to right: CV Kumar (COO, BBP), Ong En-Ping (CFO, BBP),
Launched in 2016, KKR's Eco-Innovation Award recognizes a current project by one of KKR's portfolio companies that provides an innovative, environmentally beneficial solution while creating business value. This year, KKR introduced Eco Grants, a new category of recognition for early-stage projects, to the award process. Both honors are part of the Firm’s global effort to enhance KKR portfolio companies’ initiatives across a wide range of sustainability issues that drive business value.
A panel of expert judges, as well as an internal KKR and KKR Capstone employee vote, chose BBP to be the 2018 Eco-Innovation Award winner for its Next Generation Heating, Ventilation, and Air Conditioning (“HVAC”) Energy Optimization Technology, which serves systems in commercial and industrial buildings and results in significant energy and cost savings for its customers. BBP’s energy efficiency solution applies a combination of proprietary software, customized engineering, and equipment that maintains the appropriate temperature of its customers’ sites while consuming up to 40% less energy. In 2017, BBP helped its customers save more than 15 gigawatt hours of electricity, resulting in approximately 8,000 tonnes of avoided greenhouse gas emissions.
As the winner of the Eco-Innovation Award, BBP will receive a
“We are honored to be recognized by KKR and look forward to building on the firm’s confidence in us by continuing to innovate towards much greater impact,” said Poyan Rajamand, BBP Co-Founder and CEO.
The Expert Judging Committee involved in the Eco-Innovation Award
selection and scoring process includes leaders from around the globe who
represent corporate and nonprofit expertise from KKR and KKR Capstone;
nonprofit partner organizations
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 KKR Capstone
KKR Capstone is an operational team of highly experienced industry executives and functional specialists. The team works exclusively for KKR and its portfolio companies on the ground in partnership with management teams to create sustainable improvements. With offices in the