Success Stories | Energy Efficiency

Unlocking $650 Million to Commercial Energy Efficiency Retrofit Market

Task

Identify the barriers and opportunities to increasing the flow of capital into residential and commercial energy efficiency retrofits.

Process

Identified market barriers such as lack of information about retrofit opportunities and inabilities to provide upfront capital, perform the retrofit, and ensure additional debt levels. Identified, categorized, and prioritized solutions. Developed an implementation plan.

Solution

Developed a PACE commercial consortium comprising Lockheed Martin, Barclay’s Capital, Ygrene Energy Fund, Energi, and Hannover Re. The consortium provides private capital, engineering expertise, project leadership, and energy saving insurance. In September 2011, the consortium announced the deployment of the first tranche of capital for retrofits: $650 million in Miami-Dade County, Florida and Sacramento, California.

Presented by

The Carbon War Room, an independent global non-profit, works to accelerate the scaled deployment of clean technologies. Over 50% of the climate change challenge can be addressed today — and profitably — under existing policy and technology conditions. We seek to facilitate a better flow of capital to entrepreneurial solutions that make economic sense right now.