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Identifies, markets and finances the installation of energy efficiency and renewable energy technologies in religious institutions, small businesses, and non-profits in under-served communities.
Published August 8, 2020
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Updated March 14, 2024
Power & Utilities
Distributed Energy Resources
Product Overview
Overview
BlocPower is a end-to-end platform to help accelerate urban clean energy projects while also creating opportunities for the local community. Their AI and machine-learning powered software enables the scaling of their turnkey, end to end solutions. BlocPower evaluates, sizes, installs and finances at no-money-down, electrification and energy efficiency retrofits in buildings in low and moderate income communities. This has led to them partnering with governments, utilities, building owners, and community members in order to generate energy bill savings and reduced carbon emissions for urban buildings.
BlocPower has developed a smart buildings platform that markets, engineers, and finances renewable energy and energy efficiency technologies to buildings in under-served market segments. The proprietary software is designed to offer a suite of solutions for the life of the project which include tools for analysis, leasing, project management, and on going monitoring once the installation is completed.
The company has also developed a software tool called BlocMaps to help utilities and cities develop building electrification goals and related actions. The solution leverages building and climate justice data to customize an electrification program for a specific area. With the tool, users can simulate the impact on climate and environmental justice goals and help develop data-backed programs with rich data visualization.
Business Model
BlocPower offers a SAAS solution to utilities and local governments for strategic energy efficiency and electrification program development targeting LMI communities or neighborhoods where grid load management need is highest. The company also offers pay for performance, building-by-building construction solutions in any communities in need of building electrification and energy efficiency services.
Technology Innovations
Engineering Algorithm - Using publicly available data (building dimensions, equipment data, etc.) combined with energy bill data and sensor data to calculate the cost and savings, they have developed a proprietary algorithm that can use the public data to recommend engineering upgrades and estimate the the finances involved with a project.
Services Consolidation BlocPower serves as a single point of contact, from assessment through financing and project delivery, for building owners who do not have access to the capital or expertise necessary to complete whole-building retrofits, making smarter, healthier, green buildings accessible to all.
Applications
BlocPower solution has developed a financially and environmentally beneficial route for utilities and other stake holders to invest in electrifying and weatherizing buildings in under-served communities, which also serves the community by lowering the energy bills, improving indoor air quality and providing environmental justice for residents of those buildings. They also offer community mesh WiFi and workforce development programs, creating well-paying jobs in communities that need economic development.