Seven Better Buildings Financial Allies received Climate Finance Innovator Awards at the 2024 Better Buildings, Better Plants Summit for their innovative decarbonization financing solutions that go beyond current market practices.
Financing and funding are hot topics as organizations focus on decarbonization and energy efficiency. To showcase the replicable and innovative financing models currently in use, DOE opened a new award category in 2024 for Financial Allies. The Better Buildings Climate Finance Innovator Award is for Financial Allies that meet the following criteria:
- Directly enable carbon reductions in a new or innovative way that goes beyond standard market practices
- Focus on carbon reductions in marketing and/or value proposition
- Demonstrate scalable and replicable solutions that can be adopted by others
- Have a demonstrated track record of at least one completed project
- Commit to develop a case study with DOE that describes the approach
Each winner demonstrated the innovative nature of their financing product by highlighting a project example with proven emissions reductions and financial savings. These financing approaches offer replicable pathways for other organizations to provide or find funding for their decarbonization efforts. Learn more about the award winners below!
Meet the 2024 Climate Finance Innovator Award Winners
BlocPower focused on electrification financing, showcasing an electrified historic building that houses low- and moderate-income tenants and saves over 400,000 kBtu annually while increasing occupant comfort. Learn more.
Ecosave Inc. utilized its Ecosave Services Agreement (ESA) contracts to provide free energy savings opportunity assessments to senior living facilities and fund efficiency upgrades that are projected to reduce energy cost by more than 30% over 15 years. Learn more.
New York City Energy Efficiency Corporation (NYCEEC) provided an interest-free green predevelopment loan for affordable housing rehabilitation that is estimated to save St. Francis Friends of the Poor Inc. an aggregate of 3,900,000 kBtu of energy annually. Learn more.
PACE Equity used C-PACE financing to fund efficiency improvements at Coleman Yards redevelopment in Rockford, IL. The project is expected to reduce lifetime carbon emissions by over 20,000 metric tons. Learn more.
RENEW Energy Partners blended finance streams and incentives using Energy-as-a-Service solutions to help a microchip manufacturer install a trigeneration system that improves resilience and reduces the site’s carbon emissions by 1,800 MT annually. Learn more.
Skyven Technologies advances industrial heat decarbonization by using an energy-as-a-service financing model to fund full redundancy facility retrofits and reduce risk. Learn more.
Triple Bottom Line Foundation leveraged technical expertise and financing strategies to fund multifamily affordable housing building upgrades projected to reduce carbon emissions by 26 million pounds and water use by over 20,000 gallons. Learn more.