Afterglow Climate Justice Fund

Afterglow finances organizations located in and serving the communities most impacted by climate change—including low-income indigenous and immigrant communities and other communities of color. Afterglow lends to organizations that create jobs and deliver products that reduce energy costs, combat pollution, and help residents withstand extreme weather. Their financing is catalytic and priced to align with investees’ capacity to absorb capital.

As of August 2024, Afterglow has invested in three entities: 

• Capital Good Fund: Through the Georgia BRIGHT program, Capital Good Fund owns, operates, and maintains solar and battery systems for Georgia-based nonprofits. The program aims to reduce customer energy costs by an average of 18% and produce ~2M kWh of clean energy. 

• Green Energy Justice Cooperative: Run by Chicago-based nonprofit Blacks in Green, this consumer-owned collaborative develops solar projects serving low-income, largely BIPOC communities in Illinois. The projects aim to generate ~11M kWh of clean energy per year and build wealth for residents. 
• RE-VOLV: RE-volv is a nonprofit helping other nonprofits “go solar.” To date, they have financed 73 projects in 18 states, saved nonprofits over $24M in energy costs, and helped avoid over 105 tons of CO2 emissions. 

WEBSITE NOTICES 

All information is provided for informational purposes only and does not constitute, and should not be construed or used as an offer to sell, or a solicitation of any offer to buy, interest or shares in the fund described above. No offer or solicitation may be made prior to the delivery offering documents, which will contain additional information including disclosures relating to risk factors and conflicts of interest. If you have any questions, please contact Social Finance at info@socialfinance.org.