Actis, a leading growth markets investor in sustainable infrastructure, has acquired a 100% stake in Barghest Building Performance (BBP), a leading Energy-Savings-as-a-Service (ESaaS) provider for Heating, Ventilation and Air Conditioning (HVAC) systems in Asia. Boon Chye Hoe, BBP’s Chief Executive Officer, will continue in his role to lead the organisation’s 120-person strong team and scale the platform for future growth.
BBP provides innovative energy efficiency solutions that aim to unlock up to 40% energy savings through a combination of patented software, proprietary know-how, sensors and controllers. BBP’s platform is complemented by machine learning and AI, modelled using real data from more than 400,000 Refrigeration Tons (RT) of cooling systems optimised by BBP across 9 markets in Asia.
In addition to optimising existing cooling systems, BBP also selectively upgrades customer equipment using its proprietary know-how, achieving higher potential savings for customers at a lower capital expense.
BBP typically funds the deployment of its optimisation solutions and clients’ HVAC equipment upgrade, enabling asset owners and operators to focus on their core competencies while enjoying savings and carbon emission reductions.
The investment by Actis aims to enable BBP to undertake larger projects to further accelerate its growth.
