BlocPower, a climate technology company focused on greening America's buildings, announced a fundraising round of $150 million, including more than $24 million of Series B corporate equity led by VoLo Earth Ventures and $130 million of debt financing led by Goldman Sachs.
At the AHR Expo in Atlanta, Georgia, a panel of experts explored the current state of decarbonization in America, as well as discussed the challenges, opportunities, and solutions that lie ahead.
Heat pumps, smart HVACR controls, thermal energy networks, and an increase in the number of energy-efficient buildings are central to the state of New York’s multipronged decarbonization plan.
As the U.S. moves toward electrification, heat pumps are becoming more popular, which will likely increase sales in the coming years. The key is to know which type of heat pump will work best for an application, as there is a wide range of equipment from which to choose.
According to JCI, new and enhanced consumer incentives, the moves toward electrification and greater energy efficiency, and the introduction of low-GWP refrigerants mean huge opportunities in HVACR.
HVAC manufacturers had seats at the table during the White House Electrification Summit, which focused on the electrification of transportation and building systems.