Innovative climate solutions

Through The BlackRock Foundation’s $100 million grant, we are helping to accelerate the affordability and availability of clean energy solutions. 

Over $50T in new investments is needed to fund the global energy transition.1 Reaching that staggering number will require innovative new partnerships across the public, private and nonprofit sectors – along with different forms of financing.

As the world's largest asset manager,2 BlackRock is leveraging its investment expertise and resources to spur innovation and accelerate the decarbonization solutions that will help society prosper.

That’s why the BlackRock Foundation is giving $100 million to Breakthrough Energy’s Catalyst program to finance innovative solutions that combat climate change.

Our commitment will help develop four clean energy technologies: direct air capture, green hydrogen, sustainable aviation fuel, long-duration energy storage.

Breakthrough Energy Catalyst believes that with significant investments in green innovation, the market at scale can make green tech more affordable and help reduce gigatons of CO2 from the atmosphere every year.

The BlackRock Foundation is committed to helping people build financial well-being and promoting an inclusive transition to a low-carbon future.

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Funding innovation in clean energy

The BlackRock Foundation’s grant to Breakthrough Energy Catalyst aims to finance innovative solutions that combat climate change.

The BlackRock Foundation funding innovative climate technologies

We see an emerging role for philanthropic capital to fill important gaps in funding to de-risk and accelerate the availability of clean energy technologies. 

This is why The BlackRock Foundation has committed $100M to Breakthrough Energy Catalyst. Catalyst provides a new framework for how companies, governments and private philanthropy can finance, produce and buy new solutions to accelerate a low-carbon economy. Catalyst’s initial focus will be to help speed the development and commercialization of five clean energy technologies: direct air capture, green hydrogen, green manufacturing, sustainable aviation fuel and long-duration energy storage. Catalyst identifies technologies at critical junctures where investments and blended financing can reduce the green premium - the difference in cost between a carbon emitting technology and its cleaner alternative.

The commitment is the Foundation’s largest grant since it was founded in February 2020 and will help bring vital clean energy solutions forward – at scale – to achieve the world’s decarbonization goals and mitigate the uneven impact of climate change on communities. Making clean technologies viable and affordable for the communities who depend on them is aligned to The BlackRock Foundation’s mission to help people build financial security and participate in an inclusive transition to a low-carbon future.

This approach builds upon the firm’s philanthropic leadership on other pressing societal issues that impact the financial security and wellbeing of people and communities around the world.


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We partner with nonprofits, start-ups, corporations and our employees to create impact, whether in our own communitites or on a global scale.
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The BlackRock Foundation
We established The BlackRock Foundation to help people build financial security and participate in the transition to a low carbon future.
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BlackRock's Emergency Savings Initiative
We committed $50M to help people living on low and moderate incomes build short-term savings, an important financial safety net.