NEW YORK CITY, August 17, 2021 – BlocPower, a Brooklyn-based climate tech startup that is rapidly greening American inner cities, today announced that it has been selected to join the Apple Impact Accelerator, a new program for minority-owned businesses that are creating environmental solutions focused on climate change, resource conservation and smarter chemistry. BlocPower is one of 15 businesses selected for the Impact Accelerator’s first cohort.
BlocPower aims to make American cities greener, smarter and healthier by reducing their fossil fuel dependency and turning aging, inefficient buildings into Teslas. Since the company’s inception in 2014, it has retrofitted more than 1,200 buildings in disadvantaged communities across 26 cities with smart, eco-friendly, electric heating and cooling systems. Buildings contribute more greenhouse gas emissions (GHGs) than the entire US Transportation sector. By transforming antiquated buildings into greener, smarter, healthier facilities, BlocPower has reduced building energy costs by 30-50% and reduced GHGs by 40-70% in current projects.
“When leading companies like Apple focus their resources and capacity on the global existential challenge of environmental justice, they can help to provide the leadership we need to confront the climate crisis,” said Donnel Baird, CEO of BlocPower. “We are excited to participate in Apple’s Impact Accelerator, where we can collaborate to use technology to potentially build a better climate future for people across the planet.”
As part of the three-month Impact Accelerator program, BlocPower will participate in courses, live sessions, and one-on-one meetings with Apple team members to identify opportunities to align with Apple’s environmental goals. With ongoing mentorship from Apple and an expanding Impact Accelerator network, BlocPower will have access to continuous growth and networking opportunities with alumni companies that share a commitment to the environment.
“We are thrilled to welcome our first Impact Accelerator class, and look forward to seeing how these innovative businesses will expand their work to protect the planet and our communities,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. “On our journey to our 2030 carbon neutral goal for our supply chain and products, we’re determined to help create a greener and more equitable future for all people. The businesses we’re partnering with today are poised to become tomorrow’s diverse and innovative industry leaders, creating ripples of change to help communities everywhere adapt to the urgent challenges posed by climate change.”
Apple has committed to be carbon neutral for its entire business and supply chain by 2030 and is already carbon neutral for its corporate operations. The Impact Accelerator was announced last year as part of Apple’s Racial Equity and Justice Initiative, focused on addressing education, economic equality, and criminal justice reform. For more information, visit https://www.apple.com/newsroom/.
About the Apple Impact Accelerator
Selected companies will participate in customized training, and have access to Apple experts and an alumni community. The Impact Accelerator is tailored to support Black-, Brown-, and Native American and Indigenous-owned businesses that share Apple's focus on innovation and commitment to the environment as they achieve their next stage of development. Following the three-month virtual program, the companies will be considered for opportunities to act as suppliers to Apple as it works to become carbon neutral for its supply chain and products by 2030.
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 1,100 buildings in disadvantaged communities in New York City, with projects underway in 26 cities. BlocPower uses proprietary software for analysis, leasing, project management, and monitoring of clean energy projects that save customers between 20-70 percent on annual energy costs. The company has raised $68 million from the world’s top investors including Kapor Capital, American Family Insurance Institute for Corporate and Social Impact, AccelR8, The Goldman Sachs Urban Investment Group, Kapor Capital, Elemental Excelerator, CityRock Venture Partners, Hatzimemos/Libby, The Schmidt Family Foundation, Salesforce Ventures, Andreessen Horowitz, MaC Venture Capital, Exelon, the New York Ventures of the Empire State Development Corporation and Echoing Green.
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Press Contact for BlocPower
Eric Sokolsky, SparkPR