BlackRock completed a $200m investment in ENVIRIA.

BlackRock, an American multinational investment company, completed a $200m investment in ENVIRIA, a commercial and industrial decentralized energy solutions provider. With this investment, ENVIRIA and BlackRock are leveraging one of the greatest growth areas in the energy transition: offering decentralized energy via rooftop solar and adjacent services at scale. It is estimated that German companies consume around 70% of the total national electricity usage while only around 10% of suitable company roofs are equipped with a solar system. This leaves a potential of several hundred GW of renewable energy capacity untapped. With rooftop sizes across the C&I sector being on average significantly larger than residential buildings, renewable energy capacities can be rapidly deployed.