Burns Investors' Cash and Exploits NY's Poor - Anonymous employee BlocPower Employee Review

1.0
Nov 27, 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Is it a "pro" to work at the next Theranos? The one thing BP's good at is accumulating/burning investor cash (usually in the form of investor debt), burning cash at a rate of $1-2 million per month. You have to feel bad for the investors.

Cons

Their business model: Exploit NY's poorest communities by leasing expensive heat pump systems at high interest that will drastically increase their energy costs, with little regard to credit-worthiness. How could they pull off such a scam? For starters, showing a projected energy savings in the sales pitch (right in the PowerPoint) - but NOT GUARANTEE energy savings. Quick calcs are performed, often by interns, showing energy savings that couldn't possibly materialize, and are shown to potential customers before an engineer can review them, making it the engineer's job to provide a more thorough analysis backing up the original numbers after-the-fact. Call it "grading your own homework". When the engineer doesn't play ball and shows calcs they don't like - after leaving the engineer's hands, "fudge the numbers". Then continue to push the sale onto NY's poorest at all costs, even if all warning signs are showing that they can't pay. It's a re-branding of the subprime mortgage crisis, painted green.

Explore other reviews about BlocPower

5.0
Mar 13, 2026
Recommend
CEO approval
Business outlook

Pros

Very good team to work with.

Cons

the payment is really Low!

1
3.0
Feb 8, 2026
Recommend
CEO approval
Business outlook

Pros

Remote Autonomy to get job done

Cons

Leadership is unavailable No direction No accountability from leadership

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