BlocPower

CEO: Donnel Baird Lead Investor: Marlon Nichols Adrian Fenty

BlocPower’s mission is to analyze, finance, and install energy efficiency and renewable energy technologies in buildings in low-income communities. Working closely with community leaders and institutions, BlocPower gathers 4 or more small- and medium-sized enterprises (such as non-profits, houses of worship, schools, and multi-family residences) in financially underserved communities into a “Bloc.” These “Blocs” reduce risks, create pricing discounts, and increase transactional size — improving the economic feasibility of projects. BlocPower’s web interface allows users to input temperature, pressure, humidity, and utility data from each building and recommends financing and smart or renewable energy system upgrades for old, inefficient energy systems. Their cloud-based machine learning platform also connects to thermostats and building control systems to analyze optimal performance in real-time. This service is not only valuable to building owners (who can decrease their energy costs by as much as 50%), but also to utilities looking for data to help manage supply and demand. It also helps government and city officials looking to reduce emissions and reach their renewable energy goals

Latest Company Updates

Industry Coverage

Block by block, he aims to fight injustice and save the planet

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For Black founders, venture funding remains elusive despite new funds

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BlocPower Raises $63 Million Series A to Green Urban Buildings and Creates Innovative Financing Solution Alongside the Goldman Sachs Urban Investment Group

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Making old buildings resilient to climate change requires new financial tools

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BlocPower on NPR | Fighting Climate Change, One Building At A Time

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Impact Magazine: “Our goal is to expand clean energy in all of America’s inner cities.” Donnel Baird partners locally for a better future.

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Goldman Sachs Announces 2020 Launch With GS Black and Latinx Entrepreneur Cohort

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Laws capping building emissions could be gold for proptech

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BlocPower Is Hiring

Available Positions