Introducing the Buildings Upgrade Prize (Text Version)

This is a text version of the video Introducing the Buildings Upgrade Prize.

The Buildings Upgrade Prize (Buildings UP) provides more than $22 million in cash prizes and technical assistance to support the transformation of existing U.S. buildings into more energy-efficient and clean energy-ready homes, commercial spaces, and communities.

[Narrator speaks]

The U.S. has more than 124 million buildings.

[Text on screen: 124+ million buildings in the U.S.]

They consume 74% of the nation's energy

[Text on screen: 74% nation's energy]

and account for 35% of our greenhouse gas emissions.

[Text on screen: 35% CO2 emissions]

By rapidly and equitably upgrading existing buildings to run on clean energy, we can help address climate change.

This means transitioning to efficient electric equipment, such as heat pumps and heat pump water heaters, and ensuring occupant comfort with measures such as insulation and air sealing.

Working together, we can help reduce carbon emissions and energy costs while improving indoor air quality and occupant comfort.

[Text on screen: Carbon emissions. indoor air quality, occupant comfort]

Through unprecedented funds from the Bipartisan Infrastructure Law,

[Text on screen: Bipartisan Infrastructure Law]

the Inflation Reduction Act, and other sources,

[Text on screen: Inflation Reduction Act]

we have a once-in-a-generation opportunity to upgrade many types of buildings across the country.

Announcing Buildings UP: The Buildings Upgrade Prize designed to equitably transform residential and commercial buildings across the U.S. through capacity building support.

Teams participating in this prize will develop solutions to address the toughest challenges to building energy efficiency and efficient electrification

[Text on screen: Building energy efficiency, efficient electrification]

and win cash prizes along the way.

[Text on screen: Over $22 million in Phase 1]

And, teams won't be working alone. Technical assistance will be provided to help teams move closer to a clean energy future.

[Graphic of technical assistance]

We want you to join us.

Community-based organizations, Local governments, non-profit and for-profit organizations, and others are encouraged to team up and apply.

[Text on screen: Team up and apply]

Follow the prize on Herox for updates.

[Text on screen: HeroX.com/BuildingsUP]