'Turning Buildings into Teslas'
- Jul 15, 2021 2:25 am GMT
Entrepreneur, Donnel Baird wants to be known for ‘turning buildings into Teslas.’ His Brooklyn-based company, BlocPower, is on a mission to help small apartment buildings and other urban structures become more energy efficient. Since its founding in 2014, the company has retrofitted more than 1,000 buildings in disadvantaged communities in New York City, with projects underway in 24 cities. BlocPower uses proprietary software for analysis, leasing, project management, and monitoring of clean energy projects. The software has brought clients savings between 20-70 percent annually. Referring to the residence he was working on, Baird said, “We’re putting in a smart, modern, all-electric heating system and cooling system that you can operate from your smartphone that's going to reduce this building's greenhouse gas emissions by 70 percent.” There is definitely a need for energy management but companies like BlocPower are filling a niche. A report by the American Council for an Energy-Efficient Economy revealed that low-income households spend three times more of their income on energy costs compared to the median spending of non-low-income households. While this report was based on data from 2017, the pandemic certainly hasn’t improved those numbers. If anything, it has widened the gap.
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