BlocPower: Crowdsourced Microfinance for Energy Efficiency in Underserved Communities

Lead Performer: BlocPower – New York, NY

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May 18, 2015
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Lead Performer: BlocPower – New York, NY
Partners: 
- New York State Energy Research and Development Authority – Albany, NY
- Emerald Cities Collaborative-NY – New York, NY
- Orrick, Herrington, & Sutcliffe – New York, NY
- Open Society Foundations – New York, NY
DOE Total Funding: $2,086,173
Cost Share: $3,649,400
Project Term: October 1, 2013 – September 30, 2014
Funding Opportunity: Commercial Energy Efficiency Solutions (Small Commercial Buildings) 2013 CBI FOA DE-FOA-0000829

Project Objective

BlocPower will develop a crowd-sourcing website to help market, finance, and install energy efficiency retrofits for 1,500 small buildings including churches, schools, small businesses, and nonprofits in low-income communities across the country. As part of an initial pilot program, the project will target small building retrofits in New York City, potentially expanding to Boston, Massachusetts; Cleveland, Ohio; Raleigh-Durham, North Carolina; and Baltimore, Maryland. BlocPower will also partner with companies in these areas to train local residents in small building retrofits.

Project Impact

The project will market, audit, and finance energy-efficiency retrofits in 1,000 sub-50k square foot properties in financially underserved communities. BlocPower will also facilitate the hiring of well-trained, hard to employ, low-income workers on projects. In addition, the project will develop an online platform to connect impact investors to energy-efficiency project support opportunities.

Contacts

DOE Technology Manager: Priya Swamy
Lead Performer: Donnel Baird, BlocPower

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