Our Mission

Our mission is to promote Property Assessed Clean Energy (PACE) financing by providing leadership and support for a growing universe of PACE market participants.

Our Vision

Buildings use nearly half the energy we consume in the United States, and three quarters of the electricity, making them more efficient creates a huge opportunity for savings and positive change. Energy efficiency and renewable energy initiatives make America more independent and our states more energy secure, avoid the costs of building power plants and transmission systems, save money, create jobs and protect the environment.

PACE in 90 Seconds


PACENow is a non-profit advocate for PACE financing

PACENow was established in 2008 by Jeffrey Tannenbaum, the founder and President of Fir Tree Partners, a New York City based global value investment firm. Jeff recognized the power of a pilot program in California that used traditional municipal land secured benefit financing to achieve energy efficiency and renewable energy goals and formed PACENow to broaden the awareness and adoption of PACE financing.

What We Do

Our work is made possible by the generous support of our funders: the Energy Foundation, the Rockefeller Brothers Fund, the Kresge Foundation, and the Tilia Fund. We are also grateful for grants we have received from Johnson Controls, Inc., the Urban Sustainability Director’s Network, and several private individuals.


We provide impartial leadership for a broad coalition of PACE market participants, ranging from state and local governments, PACE programs, to real estate companies.

Problem Solving

We lead focused efforts to solve targeted challenges that confront commercial and residential programs.


Source of Information

We are the trusted source for information about PACE. We collect, analyze, and report PACE market data, offer insights in the state of the market, and share success stories


Network Building

We facilitate discussion and networking among PACE stakeholders and all advocates for energy efficiency and renewable energy.

Meet Our Team

David Gabrielson

Executive Director

David was introduced to PACE while developing Energize Bedford, an energy efficiency financing program for homes in Bedford, New York, where he has served as an elected Councilman since 2008. Before his careers in energy and politics, David spent over 20 years as an investment banker to state and local governments, financing a wide range of capital facilities and programs at national firms including Credit Suisse First Boston and J.P. Morgan.  David earned a bachelors degree in Economics at the University of California at Berkeley and holds a Masters Degree in Public and Private Management from Yale University.

George Caraghiaur

Senior Fellow

George joined PACENow as Senior Fellow in April 2014. Until recently, he was SVP, Sustainability for Simon Property Group, an S&P 100 company and a global leader in the retail real estate industry, where he was responsible for developing and implementing the company’s sustainability strategy, including energy efficiency, waste recycling, renewable energy, tenant engagement, sustainable construction, and transparent reporting. George holds a Master of Science from Penn State University, and a Bachelor of Engineering from École Polytechnique de Montréal.

Jessica Bailey

Senior Fellow

Jessica was named a Senior Fellow at PACENow in July, 2014. Jessica is a real leader in the PACE Market as she has designed a state-wide PACE program in Connecticut. In its first year, the program financed $25 million in clean energy projects and executed the first securitization of commercial efficiency assets. Bailey worked from 2004-2012 at the Rockefeller Brothers Fund (RBF), an $800 million foundation based in New York. She received her graduate degree from Yale University and undergraduate from the University of Notre Dame. She is from Chicago and currently lives in Connecticut with her husband and three children.

Kristina Klimovich

Director, Communications and Market Research

Kristina joined PACENow in March 2012 and she is in charge of PACENow’s communications strategy and market research efforts. She is the person behind PACE Market Dashboard, data analysis, monthly market update, PACETalks and other initiatives meant to promote PACE financing. Also, she provides states and municipalities with the proper tools to advocate for PACE-enabling legislation and implement successful PACE programs. She holds a Master’s degree in International Affairs from the New School University. In her free time, Kristina likes exploring New York City’s new galleries and bakeries, running in Central Park, and take occasional trips to Europe.

Our Board of Directors

George Caraghiaur

Founder, Energy & Sustainability Services LLC and Senior Fellow, PACENow

Cisco DeVries

President of Renewable Funding, LLC

Beau Engman

Founder, PACE Equity

David Gabrielson

Executive Director, PACENow

Ashok Gupta

Director of Energy Policy and Senior Energy Economist at the NRDC

Charles McGinnis

Sr. Director Energy Solutions, Johnson Controls Inc

Angela Sung Pinsky

Sr. VP Management Services and Government Affairs, The Real Estate Board of New York

Jeffrey Tannenbaum

Founder of PACENow and Fir Tree Partners

What Our Stakeholders Are Saying

PACENow has been an invaluable convener of experts and stakeholders, clearinghouse of critical insight and information from the PACE programs around the county and a cheerleader for this emerging industry that has the potential to simultaneously improve the economy and save the planet.

Mike Wallander

Demeter Power

PACENow has really stepped up with effective leadership within the rapidly expanding world of PACE. Their steady and thoughtful approach to convening, facilitating, and communications has provided valuable support, visibility, and a sense of community for all PACE stakeholders. Keep up the good work!

Rich Chien


PACENow provides a valuable base of resource sharing, knowledge and collaboration among PACE market participants. Their neutral position facilitates information flow and ideas that enhance program innovation beyond single agency initiatives.

Laura Franke

Public Financial Management

Help Change the World!

Support our efforts by making a tax-deductible contribution to PACENow. This link will re-route you to a secure donation page.

Contact Us

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Our Location

We are based in a pleasant town of Pleasantville, NY.