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2024 KCP Application
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Climatize
Org Type
For Profit
Year Founded
2021
Winner or Finalist
Winner
Project
Company
Financials
Customers & Partnerships
Primary Project Category:
Secondary Project Category:
Carbon Sinks (Natural & Engineered)
Energy
Finance
Social & Cultural Pathways
Transport and Mobility
Name of Project:
Year Project Originated:
Impact on Underrepresented Groups:
Before Climatize, renewable energy investments were limited to affluent individuals and institutional capital, excluding the wider public. Climatize has transformed this landscape by democratizing access to the economic potential, enabling anyone to participate in the energy transition with just a $10 stake. Through Climatize, projects underserved by traditional banks, ranging from $100,000 to $2,500,000, can secure funding from their community. Despite their value to communities, small- and medium-size community solar projects often struggle to find financing. They’re not large enough for major funders, but they’re often too big for community lenders that aren’t familiar with community solar economics. Climatize's work to fund community solar is key to unlocking 50 million low-to-moderate income (LMI) households’ access to clean & affordable energy: • The LMI subscriber potential is substantial, representing around 43% of U.S. households, including 31 million low-income, 19 million moderate-income households, and 5.78 million affordable housing properties. •Community solar provides the flexibility to deliver clean energy access to all LMI customers, including renters and multifamily housing – which LMI households are more likely to occupy. •Community solar also offers significant benefits to low-income customers, including opportunity for bill savings and energy burden reduction.
Website:
http://www.climatize.earth
Mission Statement:
To Fund $1 Billion of Renewables Per Year Within 5 years.
Link: Instagram:
https://www.instagram.com/climatize.earth/
Link: LinkedIn:
https://www.linkedin.com/company/climatize-earth/
Greatest Current Funding Need:
Sources of Past Funding:
Individual donations
Foundation grants
Corporate contributions
Government grants
Membership fees
Events and fundraisers
Earned income
Corporate partnerships
Bequests and planned giving
In-kind donations
Impact investing
Crowdfunding
Endowments
Bootstrapped
Equity
Debt
Carbon offsets or credits
Other