Founders: Donnel Baird (CEO), Keith Kinch Launched: 2014 Headquarters: Brooklyn Funding: $125 million Valuation: N/A Key technologies: Artificial intelligence, cloud computing, Internet of Things, machine learning, digital twins Industry: Construction Previous appearances on Disruptor 50 List: 2 (No. 42 in 2022)
Persephone Kavallines
Brooklyn-based cleantech company BlocPower is squarely positioned with a mission to fight climate change while solving social injustices, focusing on renewable energy, reduction of carbon pollution, and urban redevelopment in lower-income areas.
BlocPower was founded in 2014 by Donnel Baird, the child of Guyanese immigrants, who drew on his experience growing up in the Bedford-Stuyvesant area of Brooklyn in an apartment without well-functioning heating and cooling systems.
Now, his social enterprise startup has retrofit more than 5,000 households, commercial buildings and churches with energy-efficient systems that can reduce heating and cooling costs and reduce carbon footprint by transitioning away from fossil-fuel power. This retrofitting of older buildings can lead to major energy savings, 30% to 50%, and a reduction of at least 40% in greenhouse gas emissions, BlocPower says.
The three-time Disruptor 50 company has recently signed multiple contracts for greentech projects in 6,000 buildings city-wide in Ithaca, New York, and 10,000 buildings throughout Menlo Park, California, as well as multi-family homes and buildings in Denver, Oakland, San Jose and San Luis Obispo. In Buffalo, BlocPower inked a contract with utility National Fuel Gas Company to upgrade hybrid heating and cooling systems in 34 low-to-middle income residential and commercial buildings. It also sealed a deal with Fujitsu General America to bring a better-functioning automatic heating and cooling unit to the U.S.
More coverage of the 2023 CNBC Disruptor 50
Moving into smart, all-electric heating, cooling and hot water systems, BlocPower recently partnered with Berkeley, California-based startup Harvest Thermal for future electrification projects. BlocPower also expanded its AI-powered software platform, BlocMaps, for use by municipalities and utilities to analyze and plan data-driven strategies for sustainable initiatives.
So-far unprofitable, this greentech startup has relied on grants, fees, debt financing and venture capital. This March, BlocPower raised $25 million in Series B equity funding led by climate-solutions focused fund VoLo Earth Ventures in addition to $130 million in debt financing with lead investment by Goldman Sachs Urban Investment Group.
Big Tech has taken notice of the company’s unique approach and progress. Amazon Web Services invited BlocPower to participate in its Sustainable Cities Accelerator for Infrastructure; it also took part in an Apple accelerator program. Last year, BlocPower picked up a $30 million project financing commitment from the Microsoft Innovation Fund. This adds to its list of well-known investors including Andreessen Horowitz and Kapor Capital, a major achievement for a minority-founded business where financing options have been historically limited.
BlocPower is also looking to make further impacts in the communities it serves. Last year, the company won a two-year, $108 million contract with the NYC Mayor’s Office to train 3,000 New York City residents for green economy jobs, including electrifying buildings, installing solar systems, and maintaining EV chargers. As part of its social justice aims, this training program has an underlying aim of reducing gun violence, an initiative by New York City Mayor Eric Adams. BlocPower opened two new training facilities last fall in Brooklyn and the Bronx to train 1,700 workers.
Advancing clean transportation is another foray for BlocPower. It’s helping to finance the electrification of a shuttle run by rideshare app Dollaride for under-served New York City communities, and also is overseeing tech training for EV chargers used by the app and by national nonprofit consortium CALSTART.
Sign up for our weekly, original newsletter that goes beyond the annual Disruptor 50 list, offering a closer look at list-making companies and their innovative founders.
Executives from TravelCenters America (TA) and BP were joined by local elected officials at a ribbon cutting for the two companies’ first DC fast charging hub on I-95 in Jacksonville, Florida – the first of several such EV charging stations to come online.
Frequent road-trippers are no doubt familiar with TA’s red, white, and blue logo and probably think of the sites as safe, convenient stops in otherwise unfamiliar surroundings. The company hopes those positive associations will carry over as its customers continue to switch from gas to electric at a record pace in 2025 and beyond.
“Today marks a significant milestone in our journey to bring new forms of energy to our customers as we support their changing mobility needs, while leveraging the best of bp and TA,” explains Debi Boffa, CEO of TravelCenters of America. Boffa, however, was quick to – but TA is quick to point out that TA isn’ no’t leaving its ICE customers behind. “While this is significant, to our loyal customers and guests, rest assured TA will continue to provide the same safe and reliable fueling options it has offered for over 50 years, regardless of the type of fuel.”
The charging hub along the I-95 offers 12 DC fast charging ports offering up to 400kW of power for lickety-quick charging. While they’re at the TA, EV drivers can visit restrooms, shop at TA’s convenience store, or eat at fast food chains like Popeyes and Subway. Other TA centers offer wifi and pet-friendly amenities as well – making them ideal partners for BP as the two companies builds out their charging networks.
“As we expand our EV charging network in the US, I am thrilled to unveil our first of many hubs at TA locations,” offers Sujay Sharma, CEO of BP Pulse Americas. “These sites are strategically located across key highway corridors that provide our customers with en route charging when and where they need it most, while offering convenient amenities, like restaurants and restrooms.”
The new e2500-THL and TS electric Ultra Buggies from Toro offer construction and demo crews a carrying capacity of 2500 lbs. (on the TS model), six-and-a-half foot dump height (on the THL), nearly 13 cubic ft. of capacity, and hours of quiet, fume-free operation.
For their open-mindedness, those crews will be rewarded with machines powered by 7 kWh’s worth of Toro HyperCell lithium-ion battery. That’s good enough for up to eight hours of continuous operation, according to Toro – enough for two typical working shifts.
And, thanks to the Toro Ultra Buggies’ narrow, 31.5″ width, they can easily navigate man doors on inside jobs, as well, making them ideal for indoor demolition and construction jobs. A zero-turn radius and auto-return dump mechanism that ensures the tub automatically returns to the proper resting position make things easy for the operator, too.
Toro says that each of its small (for Toro) e2500 Ultra Buggy units can replace as many as five wheelbarrows on a given job site. Pricing is expected to start at about $32,000.
GM has deployed three of its HYDROTEC hydrogen gensets to the Los Angeles area as a way to help generate power for EV drivers and emergency vehicles recovering from the devastating effects of the recent wildfires.
“GM is extending targeted local support to our customers and employees who have been impacted by the California wildfires,” said Duncan Aldred, vice president global commercial growth strategies and operations. “We’re finding ways to help get people back on the road and using our resources to make a difference in the recovery in the weeks and months to come.”
The mobile charging station rollout is part of a broader response to the fires from GM that includes “planned” philanthropic contributions to nonprofits serving affected communities, employee giving campaigns to benefit the American Red Cross Los Angeles region and the California Fire Foundation, and a complimentary subscription to Crisis Assist Services, which enables customers with OnStar-equipped vehicles to get information about the fires, receive routing guidance, and access immediate emergency assistance from an OnStar advisor.
GM also says it’s providing customers with damaged or destroyed GM vehicles assistance toward the purchase or lease of a new GM vehicle, subject to certain terms and conditions, which may include certain qualifications and restrictions. The company will also help cover collision repair deductible costs for damage to GM vehicles incurred from the wildfires – again, subject to certain qualifications and restrictions.
Electrek’s Take
While it’s certainly commendable for GM to take steps in an effort to support wildfire victims, it feels like a company that made more than $19 billion in gross profits in 2023 (and over $20 billion in 2022; 2024 numbers aren’t out yet – but the company did well enough to spend more than $6 billion buying back its own stock) could have done better than announcing “planned” donations and asking its employees to pony up. By my math, GM shareholders could have given each of the 163,000 global employees the company had in 2023 a $36,000 one-time bonus in lieu of those stock buybacks.
That said, how many companies are doing nothing at all? Good on GM for trying, then – here’s hoping others step up, too.