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Jeff Bezos climate fund gives millions to energy efficiency start-up BlocPower

The Bezos Climate Fund has given $5.5 million to energy efficiency start-up BlocPower, reports CNBC’s Alicia Doniger.

>>>READ: 300 Companies Chart Pathway for Carbon-Free Energy<<<

BlocPower Advancing Energy Efficiency

BlocPower is a Brooklyn-based startup that retrofits buildings in underserved communities to be more energy efficient. Doniger writes, “BlocPower, which is a CNBC Disruptor 50 company, has completed 1,000 green energy projects to date in the New York City area. It plans to use the Bezos grant to add 125 million buildings and additional cities to its BlocMaps software database, which identifies buildings in need of energy efficiency upgrades and helps building owners learn how to electrify and decarbonize properties.”

“In November, BlocPower began working with the city of Ithaca, New York, as it became the first U.S. municipality to begin operation on a 100% decarbonization plan, and with the first phase focused on the electricity usage of 1,000 residential buildings and 600 commercial buildings.”

The C3 Take
  • Buildings contribute to nearly 40% of global emissions.
  • BlocPower estimates that its energy efficiency technology could lead to potential energy savings of 20-70% for its customers.
  • Entrepreneurs are leading the way in advancing technologies that benefit consumers and the planet alike.

Read the full article here.

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The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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