An arm of Steyer’s investment firm will begin buying and upgrading property across the US this summer and fall, aiming to cut the portfolio’s greenhouse gas emissions to net zero in three years wit…
An arm of billionaire Tom Steyer’s investment firm Galvanize Climate Solutions will begin buying and upgrading property across the US this summer and fall, aiming to cut the portfolio’s greenhouse gas emissions to net zero in three years without the use of offsets.
The plan rests on strategic asset acquisition, proprietary methods of retrofitting buildings and adding solar panels and the long-term payoff from assembling a portfolio of energy-efficient buildings. The Galvanize real estate arm will get assistance from the firm’s in-house team of scientists and tech experts, called Impact. It includes scientist Howard Branz, a former program director of the Department of Energy’s ARPA-E incubator, and also seeks to fund startups to develop technology the team can apply to buildings and retrofits.
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