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Posted: December 31, 2024
2024 Year in Review: Marshall Cox, Kelvin
CEO/Founder
Kelvin
What noteworthy transactions or deals from this year best exemplified key market trends or shifts?
The standout deal of 2024 was the partnership between Kelvin, a climate tech company focused on decarbonizing legacy buildings, and ClearGen LLC, a Blackstone company providing clean energy funding. With a $100 million commitment, this collaboration introduced a zero-money-down subscription model for The Cozy™ smart radiator cover, reducing heating costs by 25% and CO2 emissions by 7,475 tons annually across nearly 16,000 Cozy units. This innovative model eliminates financial barriers, enabling compliance with stringent emissions regulations, and it sets a transformative precedent for decarbonization and energy equity in eco-proptech.
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