CONVERSATIONS ABOUT CREATING MORE EFFICIENT BUILDINGS often revolve around new construction. But what about the many more buildings that already exist? Residential and commercial buildings account for 13 of greenhouse emissions in the U.S. That's precisely what BlocPower aims to address. BlocPower electrifies and decarbonizes buildings- mostly by replacing oil- and gas-based furnaces, boilers, and other products with all-electric heating, cooling, and hot-water systems. Founded by Donnel Baird in 2014, the Brooklyn, N.Y.-based company works with building owners and city governments to make buildings greener and healthier. As of April 2022, BlocPower had raised more than $100 million, including some $50 million from Goldman Sachs and $30 million from Microsoft's Climate Innovation Fund.
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