E-News August 2022

Hydrogen Task Force Launched

On July 12, the first meeting of the Hydrogen Power Task Force was held virtually. The passage of Special Act No. 22-8 by the Senate and House of Representatives established a task force to study hydrogen-fueled energy in Connecticut’s economy and energy infrastructure. Per the legislation, the study shall include:

  1. A review of regulations and legislation needed to guide the development and achievement of economies of scale for the hydrogen
    ecosystem in the state,
  2. An examination of how to position the state to take advantage of competitive incentives and programs created by the federal Infrastructure Investment and Jobs Act,
  3. Recommendations for workforce initiatives to prepare the state’s workforce for hydrogen-fueled energy-related jobs,
  4. An examination of the sources of potential clean hydrogen, including, but not limited to, wind, solar, biogas and nuclear,
  5. Recommendations for funding and tax preferences for building hydrogen-fueled energy facilities at brownfield sites through the Targeted Brownfield Development Loan Program,
  6. Recommendations regarding funding sources for developing hydrogen-fueled energy programs and infrastructure, and 
  7. Recommendations for potential end uses of hydrogen-fueled energy.

 Green Bank president Bryan Garcia shall chair the task force which has members representing the electric distribution companies, the building trades, manufacturers of hydrogen-fueled technologies, environmental organizations, the Hydrogen-Fuel Cell Coalition, and more. 

For meeting schedule, agendas and more information, please visit https://www.ctgreenbank.com/hydrogentaskforce/

Green Bank Summer Update Webinar on Aug. 3

We will host an informational webinar on Wednesday, August 3 at 12 pm to provide updates on the Green Bank and our solutions for homes, buildings, and investments. Learn about Energy Storage Solutions, C-PACE new construction, Green Liberty Notes, and more.
Register here. 

Green Liberty Notes Offering Closing this Week

CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, will close their third Green Liberty offering this week. This is the third quarterly crowdfunding campaign launched in partnership with Raise Green, a social and environmental marketplace for impact investing. Investments in the Green Liberty offering support Eversource’s Small Business Energy Advantage (SBEA) program, which enables small businesses in Connecticut to reduce their energy costs through efficiency upgrades and zero interest loans.  

As a result of the climate benefits associated with the SBEA program, the Green Liberty offering has been reviewed and verified for its environmental attributes by Kestrel Verifiers. 

For more information about the investment opportunity, please visit www.greenlibertynotes.com 

VentureClash Climate Edition Announced, Application Deadline August 20

VentureClash Climate Edition is the new green spin on Connecticut’s global venture series for early-stage companies, hosted by Connecticut Innovations, the Public Utilities Regulatory Authority (PURA), the Department of Energy and Environmental Protection (DEEP), and the Green Bank.  Companies actively using innovation to solve climate-related issues, specifically in grid, water, waste, and mobility. If selected, companies will receive $5,000 to come to Connecticut and present to key stakeholders, corporate partners, state agencies, investors, and others.  The goal is finding top green companies seeking to establish a headquarters in Connecticut to further their success.

For information see this flyer or visit https://ventureclash.com/.

Smart-E Summer Special Offer Launched

Now, for a limited time, homeowners installing heat pumpsbattery storage, or EV charging stations are able to get a great low 2.99% interest rate with a Smart-E loan. (income eligible borrowers can get a 1.99% rate.)

Learn more about this special offer.

Green Liberty Bond Program Recognized as 2022 SLICE Winner

The Connecticut Green Bank was honored as a recipient of the 2022 State Leadership in Clean Energy Awards for its Green Liberty Bond program from the Clean Energy States Alliance (CESA), a national nonprofit coalition of public agencies working together to advance clean energy. Since 2009, the biennial Leadership Awards have recognized outstanding state programs and projects that have accelerated the adoption of clean energy technologies. The six winners were chosen by an independent panel of judges, and were evaluated based on leadership, innovation, cost-effectiveness, and replicability. 

Read more here.

Enhancements to C-PACE New Construction

Changes to the guidelines for Connecticut’s Commercial Property Assessed Clean Energy (C-PACE) program will create enhanced opportunities for developers of new construction, repositioning, and gut rehabilitation projects to take advantage of this innovative financing tool. Developers and borrowers can now access up to 35 percent of the total eligible construction costs (TECC) in C-PACE financing based on the building’s designed energy performance. 

Learn more here.