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Overview
BlocPower modernizes heating and cooling systems in urban buildings by combining energy efficiency services with a software-driven approach. It uses proprietary software to analyze a building’s energy use, design HVAC upgrades, manage the project, and monitor performance over time. The company offers zero-down financing for these upgrades, allowing property owners and managers to save on energy bills and increase building value without upfront capital, with revenue coming from project management fees, leasing, and long-term maintenance contracts. Compared with others, BlocPower pairs an end-to-end software platform with zero-down financing and hands-on maintenance, enabling rapid deployment across many urban buildings (nearly 1,000 completed projects). The goal is to cut energy use and improve indoor air quality in cities while lowering costs and expanding access to clean energy upgrades.
About BlocPower
Industries
Data & Analytics
Energy
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
Grant
Total Funding
$272.5M
Headquarters
New York City, New York
Founded
2014
Simplify's Take
What believers are saying
- Raised $150M (March 2024) from Goldman Sachs and Microsoft Climate Innovation Fund for expansion.
- Georgia Power partnership (Sept 2023) unlocks utility-backed financing for 3+ metro areas.
- Customers achieve 20-70% annual energy savings; 1,200+ buildings retrofitted nationwide.
What critics are saying
- Default rates on zero-down leases exceed 15% amid rising rates and urban rent pressures.
- NYC Local Law 97 Phase 2 fines clients $500k+ per non-compliant building starting March 2026.
- Sparkfund lawsuit ($20M) over BlocMaps failures delays 500+ Georgia Power projects, fracturing partnerships.
What makes BlocPower unique
- Proprietary BlocMaps software analyzes and finances retrofits for underserved urban communities at scale.
- Zero-down lease model removes capital barriers for low- and moderate-income building owners.
- Integrated service: analysis, financing, construction management, and 15-year maintenance included.
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Funding
Total Funding
$272.5M
Above
Industry Average
Funded Over
14 Rounds
Andreessen HorowitzBenefits
Health Insurance
Dental Insurance
Vision Insurance
Disability Insurance
Paid Vacation
401(k) Retirement Plan
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -2%2 year growth
↑ 1%Sign up for daily news updates from CleanTechnica on email. Or follow us on Google NewsAs the energy transition accelerates, the clean energy buying market is also benefiting from some much-needed innovation.The imperative to drive greater carbon emissions reductions in the power sector has exposed the need for more precise deployment and tracking. Because the grid is not uniform — some states/regions are further along in decarbonizing than others — simply buying clean energy is no longer sufficient.That’s why WattCarbon, a climate tech software company focused on clean energy buying, launched its new marketplace. It’s the first platform where customers can see the carbon impact of their purchases, tracked to the hourly level. What’s more, it’s also the first platform to include smaller-scale distributed energy resources (DER), like rooftop solar, heat pumps, and batteries.“If we’re going to be serious about decarbonization, we need to make high-impact clean energy buying accessible to anyone,” said McGee Young, WattCarbon’s CEO. “For too long, annual average RECs have been the only option for most sustainability teams
Newark Mayor Ras Baraka and officials from the Newark Housing Authority, Newark Fiber and internet service provider Andrena announced Thursday a partnership to provide affordable high-speed internet connectivity to more than 1,600 units in 14 NHA buildings.The collaboration has so far connected 150 individual residences that have adopted the new, affordable Andrena option, which costs just $20 a month — compared with an average rate of $75 a month. This will save Newark residents as much as $700 a year.Even more, the hookups have created job opportunities for local residents.To advance the project quickly, Andrena joined with local telecom companies, including Black-owned and Newark-based Teknogrid, that trained and hired city residents for cable installation.“The launch of Connect Newark: Andrena — a Newark Fiber Collaboration, will be a game-changer for thousands of people living in our city,” Baraka said. “High-speed internet will enable Newarkers to take well-paid jobs from home, plus access online education and telehealth appointments. In today’s digital age, it is vital that we afford equal opportunities for Newark residents to thrive.”Since the first building installation earlier this year, more than 150 units have adopted Andrena’s new service — and many more are expected to follow. The service will allow residents to connect to the web for research, shopping, video calls, streaming services, online banking and more. Residents will also have access to free Wi-Fi in common areas within and around the public housing buildings.“We are honored to have been selected by Newark Fiber to deliver low-cost internet service to the city, making connectivity more accessible, affordable and usable than ever before,” Andrena co-founder Neil Chatterjee said.Newly connected affordable housing developments are located across Newark’s five wards: 963 and 991 Frelinghuysen Ave.; 100 and 122 Ludlow St.; 801, 789 and 815 N
BlocPower, a national climate tech company focused on greening aging, urban communities today announced a collaboration with Georgia Power to implement an Energy Empowerment Program, designed to provide clean-energy projects in underserved areas in Atlanta, Macon, and Augusta.ATLANTA, Sept. 13, 2023 /PRNewswire-PRWeb/ -- BlocPower, a national climate tech company focused on greening aging, urban communities today announced a collaboration with Georgia Power to implement an Energy Empowerment Program, designed to provide clean-energy projects in underserved areas in Atlanta, Macon, and Augusta.This partnership will allow income-qualified customers, including, without limitation, commercially owned multi-family residences, locally owned businesses, houses of worship, non-profit and community organizations, and institutions of higher learning to install or upgrade their energy systems, leveraging $0 down, better-than-market financing and subscription options. Solutions include heat pumps, induction stoves, heating, cooling and lighting upgrades, EV charging and many more clean, energy efficient technologies.Georgia Power will utilize BlocPower's program planning software, BlocMaps, community-based outreach methods, and business development expertise to provide clean energy options that make communities greener and healthier. Sparkfund, a tech-enabled services provider of Georgia Power will manage the installation of projects for eligible customers."As someone who grew up in Atlanta, I am thrilled to support Georgia Power in their incredible plan to deliver healthy green building upgrades to low- and moderate-income Georgia residents," said Donnel Baird, CEO and founder at BlocPower."We are excited about this partnership and look forward to continuing to make a difference for our customers and communities," says Bentina Terry, Georgia Power Senior Vice President, Customer Strategy & Solutions. "Through this program, Georgia Power has a unique opportunity to engage income-qualified and underserved communities, enabling us to bridge the advanced energy technology access gap to catalyze energy savings, greenhouse gas reductions, improve health and resiliency."Georgia Power commercial customers interested in energy efficiency upgrades, please visit blocpower.io/electrify-georgia.About BlocPowerBlocPower is a New York-based climate technology company rapidly greening American cities. Since its founding in 2014, the company has completed energy projects in 5,000+ households
"By providing returning citizens with specialized training and job opportunities in the clean energy sector, we aim to provide long-term economic empowerment to those in vulnerable communities." Donnel Baird, CEO and founder of BlocPower. .
PETERBOROUGH, N.H. (PRWEB). May 09, 2023. BlocPower, a national climate tech company focused on decarbonizing aging buildings, and the Town of Peterborough, New Hampshire announced a pilot partnership to help upgrade the town’s building stock to more comfortable, energy efficient and all-electric heating and cooling systems
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About BlocPower
Industries
Data & Analytics
Energy
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
Grant
Total Funding
$272.5M
Headquarters
New York City, New York
Founded
2014
There are no jobs for BlocPower right now.
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