PACENation is a private networking and membership organization that offers long-term representing lenders financing environmentalist energy projects known as “Property Assessed Clean Energy” or PACE. PACENation is a project of the New Venture Fund, a left-of-center funding and fiscal sponsorship nonprofit administered by the philanthropic consultancy Arabella Advisors. 
PACENation is an industry trade group promoting long-term financing for environmentalist energy projects. PACE is an acronym for “Property Assessed Clean Energy.” PACENation is a project of the New Venture Fund, a left-of-center funding and fiscal sponsorship nonprofit administered by the philanthropy consultancy Arabella Advisors. 
PACE essentially functions as a government loan administered through private lenders. PACE allows government entities to pay in full for the upfront expense of private business and home energy efficiency projects. Property owners reimburse the government through increased property tax payments. 
The PACE concept was created in 2008. The model has become more popular for developers, financing $660 million in building improvements from 2016 through 2018, a sharp increase from the $208 million in projects from 2008 through 2015, PACENation reports. 
PACE programs are long-term private financing for renewable energy projects in homes, businesses, or local governments. Legislatures in 36 states and the District of Columbia enacted PACE programs. California, Florida and Missouri have PACE programs for residential homes. 
The Wall Street Journal reported that in 40 California counties, the number of homeowners defaulting on PACE loans rose 450 percent from 2016 to 2017, from 245 to about 1,100. 
Renew Financial is an institutional founder of PACENation. 
California financier Nathaniel Simons and wife Laura Baxter Simons have spent millions of dollars on various environmental projects since 2009, and help lead the capital venture firm Prelude Ventures, which invests in new green companies. Prelude Ventures helped finance Renew Financial, a consulting firm that specializes in PACE financing.  Simons also funds Energy Foundation, which also finances PACE Nation. 
David Gabrielson is a senior fellow for PACENation. A former city councilman in Bedford, New York, Gabrielson also worked 20 years as an investment banker to state and local governments.
The PaceNation board of directors is made up of Trenton Allen, of Sustainable Capital Advisors; Jessica Baily of Greenworks Lending; Deborah Burker of Rockefeller Brothers Fund, Cisco DeVrise, an entrepreneur in residence at Titan Grove; Jane Elias, an energy manager in Sonoma County, California; Beau Engman, founder of Pace Equity; Laura Franke of PFM Financial Advisors; Mansoor Ghori of Petros Pace Finance; Bib Giles, CEO of Pace Funding; and Donald Gilligan, president of NAESCO.