BlocPower joins the ranks of Canva, Microsoft, SpaceX, and more
New York, NY– BlocPower, a leading national climate tech company focused on greening aging urban buildings, today announced that it ranked #4 on Fast Company’s prestigious annual list of the Most Innovative Companies for 2022, and #2 in the Energy category.
BlocPower has retrofitted more than 1,200 buildings in more than 25 American cities, replacing unhealthy, fossil fuel-burning heating and cooling systems with clean, efficient, all-electric air source heat pumps, water heaters and solar panels. It leverages advanced technologies to monitor energy consumption, digitally simulate the most impactful green energy solutions, and dramatically lower the cost of construction and installation.
BlocPower has created an innovative financing solution that enables building owners in low- to moderate income (LMI) communities to upgrade their buildings with cutting edge solutions that improve the health of residents, lower their energy bills and fight the effects of climate change. Finally, BlocPower’s Civilian Climate Corps is hiring and training the next generation of green economy construction workers from communities adversely impacted by gun violence, giving them good paying jobs, career opportunities and hope for a better future
Profitable and backed by more than $100M in funding from some of the world’s most prestigious investors and major corporations, including Goldman Sachs, Microsoft, Kapor Capital and Andreessen Horowitz, BlocPower is uniquely qualified to significantly reduce the 30% of greenhouse gas emissions that come from America’s aging buildings. The company’s turnkey engineering, financing, procurement, project management and workforce development solutions and platform are scalable nationwide, whether that’s installing solar panels in a Staten Island church to decarbonizing entire cities like Ithaca, NY, the first large-scale, city-wide electrification initiative in the U.S. The company is in discussions with dozens of other cities about supporting their decarbonization initiatives.
“Climate change is the fight of our generation,” said BlocPower CEO Donnel Baird. “Our team at BlocPower is building the platform to connect the technology, infrastructure, partnerships, workforce, and financing solutions needed to decarbonize millions of buildings across America. We want all Americans to have smarter, greener, healthier and more valuable homes. We know that decarbonizing all of America’s buildings will reduce U.S. greenhouse gas emissions by 30%. Our platform will help everyone join this fight–from the world’s largest tech companies to individual mom-and-pop building owners in low-income communities.”
“We have solutions in place to train local workforces and complete sustainability upgrades in thousands of buildings, building-by-building, block-by-block, city-by-city. We are proud to partner with the CIty of Ithaca, NY, which will be the first city in the world to decarbonize ALL of its buildings, ALL of its cars, and look forward to helping other cities follow Ithaca’s courageous lead.”
This year’s list honors businesses that are making the biggest impact on their industries and culture as a whole–ultimately thriving in today’s ever-changing world. These companies are creating the future today with some of the most inspiring accomplishments of the 21st century. Fast Company’s editors and writers sought out the most groundbreaking businesses across the globe and industries.
“The world’s most innovative companies play an essential role in addressing the most pressing issues facing society, whether they’re fighting climate change by spurring decarbonization efforts, ameliorating the strain on supply chains, or helping us reconnect with one another over shared passions,” said Fast Company Deputy Editor David Lidsky.
In addition, Donnel Baird will be speaking at Fast Company’s Most Innovative Companies Summit on April 26–27. The virtual summit celebrates the publication’s Most Innovative Companies, and provides an early look at major business trends and what it takes to innovate in 2022. Fast Company’s Most Innovative Companies issue (March/April 2022) is available online here and on newsstands beginning March 15.
BlocPower is a Brooklyn-based climate technology startup that is making American cities greener, smarter and healthier. Since its founding in 2014, the company has retrofitted more than 1,200 buildings in disadvantaged communities in New York City, with projects underway in more than 25 cities, including Philadelphia, Milwaukee, Baltimore, Oakland and more. BlocPower uses proprietary software for analysis, leasing, project management, and monitoring of clean energy projects that can save customers between 20-70 percent on annual energy costs. For more information, please visit https://blocpower.io.
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Contacts: Eric Sokolsky, Sparkpr for BlocPower