Qcells and Hanwha Aerospace USA Advance a Clean, Reliable Energy Future by Utilizing Energy Storage Solutions Program.

Small Business Energy Advantage Program Continues to Grow; Surpasses $100 Million in Loans Since 2018

Eversource’s program is supported through a financing agreement with Amalgamated Bank and the Green Liberty Note offerings from the Connecticut Green Bank

 

Hartford, CT (November 13, 2024) – The Connecticut Green Bank and Amalgamated Bank recently celebrated the cumulative purchase of $100 million in loans through 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 on bill financing.

“This is a great example of an innovative public-private partnership that creates significant benefits for our communities,” said Bryan Garcia, President and CEO of the Connecticut Green Bank. “Through this program, small businesses are empowered to improve their operations, which helps strengthen our economy.

Since December 2018, Amalgamated and the Green Bank have been in an agreement with Eversource to purchase tranches of SBEA loans. The loans are initially funded by Eversource, and Amalgamated Bank and the Green Bank purchase the loans to ensure the program has a continuous flow of affordable capital to support additional loans in the future. This allows all customers to benefit as program costs are lowered.

“Ensuring access to energy efficiency programs like SBEA helps small businesses overcome the financial hurdles that typically hinders their participation in energy saving initiatives which often times saves them money in the long run,” said Edgar Romney, Amalgamated Bank’s Chief Strategy and Administrative Officer. “Our partnership with Connecticut Green Bank to fund energy efficiency improvements and reduce greenhouse gas emissions through the SBEA is an excellent example of how financial institutions can support small businesses in addressing climate change and support sustainability efforts.”

To further support the Small Business Energy Advantage program, the Green Bank created Green Liberty Notes, an investment opportunity that allows anyone to earn a return while directly supporting energy efficiency in Connecticut. Notes are offered quarterly through Raise Green’s online investment platform with a minimum investment of $100 so everyone can support Connecticut’s small businesses’ efforts to become more energy efficient. The Green Liberty Notes program was recently honored as a 2024 State Leadership in Clean Energy Awards winner by the Clean Energy States Alliance (CESA).

“The Small Business Energy Advantage program has helped small businesses across Connecticut gain access to the incentives and expertise necessary to improve their energy efficiency,” said Eversource Vice President of Energy Efficiency and Electric Mobility Tilak Subrahmanian. “We are pleased to see so many business owners taking advantage of this program while lowering their energy bills and reducing their carbon footprint in the process. Through this partnership with Connecticut Green Bank and Amalgamated Bank, we are helping to provide the resources, information and funding that will allow Connecticut’s clean energy economy to continue to grow and flourish.”

SBEA offers a no-cost, no-obligation energy assessment to small businesses, providing a one-stop service that combines easy access to energy efficiency measures as well as incentives and payment plans.

“Through the Energize Connecticut℠ Small Business Energy Advantage Program, we received customized recommendations from Eversource’s energy experts for improving efficiency at our center,” said Mary Etter, Executive Director, Bristol Adult Resource Center. “Eversource connected us with Energy Resources USA to replace old fluorescent lighting, which we had in every room, with LED bulbs. They also installed faucet aerators to improve our water flow, decreasing demand on our boiler system to heat the water. We have since seen electric and gas savings thanks to these upgrades, and Eversource and Energy Resources were great partners for us.”

To learn more about the SBEA program, please visit https://energizect.com/energy-assessments/small-business


About Amalgamated Bank

Amalgamated Bank, the wholly owned banking subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), is a mission-driven New York-based full-service commercial bank and a chartered trust company with a combined network of six branches in New York City, Washington D.C., San Francisco, and Boston. Amalgamated Bank provides commercial banking and trust services nationally and offers a full range of products and services to both commercial and retail customers. Since their founding in 1923, Amalgamated Bank has used the power of banking to create impact and empower organizations and individuals to advance positive social change. Amalgamated Bank advocates alongside those working to make the world more just, compassionate, and sustainable. Amalgamated Bank is the country’s largest B Corp® bank and a proud member of the Global Alliance for Banking on Values. Learn more at www.amalgamatedbank.com.

About Eversource

Eversource (NYSE: ES), celebrated as a national leader for its corporate citizenship, is among the top energy companies in Newsweek’s list of America’s Most Responsible Companies for 2024 and recognized as a Five-Year Champion, appearing in every edition of the list. Eversource transmits and delivers electricity to 1.28 million customers in 149 cities and towns, provides natural gas to 251,000 customers in 74 communities, and supplies water to approximately 217,000 customers in 59 communities across Connecticut. Eversource harnesses the commitment of approximately 9,900 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. The #1 energy efficiency provider in the nation, the company is empowering a clean energy future in the Northeast, with nationally recognized energy efficiency solutions and successful programs to integrate new clean energy resources like a first-in-the-nation networked geothermal pilot project, solar, offshore wind, electric vehicles and battery storage, into the electric system. For more information, please visit eversource.com, and follow us on X, Facebook, Instagram, and LinkedIn. For more information on our water services, visit aquarionwater.com.

October 2024 Contractor Updates

October Contractor updates:

  • Upcoming trainings can be found here.
  • Stay tuned for an upcoming Request for Proposals Opportunity for EPC Services for a portfolio of Affordable Multifamily Housing projects! ​
  • Commercial solar contractors: If you are interested in becoming an eligible Solar PPA/Solar Roof Lease contractor, view the form on our website to start the application process! Check out the form on our website if you are interested in a Solar PPA & Roof Lease pricing request! ​
  • Tesla has officially joined Energy Storage Solutions as an Eligible Equipment Provider! Customers can enroll their Powerwall through the Tesla app. Contact the Energy Storage Team if you have questions.
  • The Connecticut Green Bank is now partnering with OCOsink, a West Hartford-based energy consultant, to help commercial building owners develop and manage projects that will increase their energy efficiency and achieve their energy goals. ​This is a cost-effective way to professionally engineer and manage energy efficiency projects, while taking advantage of the benefits of C-PACE financing. ​

September 2024 Newsletter

Green Bank launches their second green liberty offering, announces enhancements to c-pace, annual awards, and more

Connecticut Green Bank Seeks Qualified Vendors to Provide Services Related to Energy and Environmental Areas

Request for qualifications aimed at vendors with specialized capabilities to support key Green Bank initiatives

 

HARTFORD, Conn. (Sept. 10, 2024) – The Connecticut Green Bank is pleased to announce the release of a Request for Qualifications to establish a pool of qualified vendors (consultants, technical professionals, engineers, and others), including women and minority owned businesses and led organizations, to provide the Green Bank with diverse technical, energy, environmental, and financial services. The selected firms may be invited to support any new or existing Green Bank programs and help support efforts to stimulate the growth and development of clean energy and environmental infrastructure investment in Connecticut. Any vendors previously selected through the RFQ in the 2023 solicitation period are not required to reapply through this RFQ, unless the vendors are interested in being considered for additional support areas. Vendors should also note that if they do not respond to this RFQ, they retain the ability to apply to any future Green Bank opportunities for services.

The Green Bank has broadly defined its needs across the following support areas: energy generation technology; utility-scale resources; transportation; environmental infrastructure; hydrogen; novel solutions (e.g., artificial intelligence); and climate change impacts, resilience, and adaptation analysis.

The qualified vendors could be called upon to assist with tasks including life cycle assessments; macroeconomic analysis and modeling; forecasting of energy use, prices and greenhouse gas emissions; health and environmental impacts; environmental infrastructure support; policy analysis; technology assessment; program development; community engagement; and facilitation services.

The solicitation period closes on Oct. 13, 2024. The RFQ can be found at https://www.ctgreenbank.com/about-us/rfps/.

 

Strong Citizen Engagement Pushes Connecticut Green Bank Subsidiary’s Eleventh Investment Offering Over Its Maximum Raise Amount  

Nine consecutive raises have exceeded their maximums, more than $3.0 million has been raised cumulatively from investors in Connecticut and across the country 

 

Hartford, CT (August 12, 2024) – CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, successfully closed their eleventh Green Liberty offering, surpassing its maximum raise amount for the ninth consecutive time. To allow for more investors to participate in this innovative and certified green investment opportunity, this was the fifth offering that featured an increased maximum raise limit of $350,000.  This is the ninth consecutive offering to exceed the maximum. In total, more than $3.0 million has been raised from Connecticut citizens and nationwide investors in support of small businesses improving their energy efficiency and reducing their energy costs. The campaign is made possible in partnership with Raise Green, an award-winning online marketplace for impact investing.  

Green Liberty Notes, which are offered quarterly, can be purchased through the Raise Green online platform without a broker, with a minimum investment of just $100. To date, more than 60% of original investments have been $1,000 or less, and more than half of the investors have been Connecticut residents. In total, individuals from 35 states have invested in Green Liberty Notes. 

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. The Connecticut Green Bank and Amalgamated Bank (America’s largest B Corp bank) recently celebrated the purchase of more than $100M of SBEA loans, driving environmental benefits and economic growth in local restaurants, town halls, community organizations, and more. 

As a result of the climate benefits associated with the SBEA program, this Green Liberty offering has been reviewed and designated a Green Bond by Kestrel, a leading provider of external reviews for green, social and sustainability bond transactions and a Climate Bonds Initiative Approved Verifier. 

 “We are proud of the success of the Green Liberty Notes which support small businesses all over Connecticut and give citizens across the country the opportunity to invest in the clean energy transition and to help in the fight against climate change. With only $100 required to participate, and with this program offered quarterly, the ability to invest in the green economy is now available to everyone!” said Bert Hunter, EVP and Chief Investment Officer of the Connecticut Green Bank. The next quarterly offering of Green Liberty Notes is being planned for October.    

 For more information about investment opportunities, please visit invest.ctgreenbank.com 

Hartford ParkScore Assessment Report Released

Report captures state of Hartford’s parks from data captured by youth interns working with Trust for Public Land, Blue Hills Civic Association, and Connecticut Green Bank

 

HARTFORD, Conn. (August 8, 2024) – The Trust for Public Land (TPL), Blue Hills Civic Association (BHCA), and the Connecticut Green Bank are pleased to announce the release of a report that details the completion of a park assessment project for the City of Hartford conducted by paid youth interns through BHCA’s Summer Youth Employment Program in 2023. An informational webinar on the report was held on Aug. 15 (recording linked).

This report consists of two parts: the assessment of all parks in Hartford and a comparison of the park system with other cities in the state and nationally to identify strengths and weaknesses. The detailed report highlights a systematic need for investment in Hartford parks, particularly in neighborhood parks. Overall, this report sparks a conversation about parks benefits, stewards, park development, and maintenance across Hartford public green spaces.

“Parks give people space to gather and build stronger communities that are better prepared to tackle social, health, and environmental challenges. But park systems aren’t created equally,” said Walker Holmes, Vice President of the Mid-Atlantic Region and Connecticut State Director at the Trust for Public Land. “Our ParkScore analyses provide community leaders with the information they need to improve their parks, close the park equity gap, and connect more people to the benefits of the outdoors. Trust for Public Land is committed to building partnerships like this one with Green Bank and BHCA to collect vital data and promote increased funding for parks and open space statewide.”

Over the course of the five-week project, the interns, ages 15 – 17, gathered data on the five key park metrics: acreage, access, investment, amenities (such as baseball fields, basketball courts, swings, and seating areas), and equity across Hartford’s 1,595 acres of parkland, approximately 14% of city area. This project adapts the ParkScore Index, a national comparison of the park systems across the 100 most populated cities in the United States, to Hartford, including a custom park asset and condition assessment.

“The Green Bank is excited to work with TPL and Blue Hills Civic Association on a ParkScore partnership that engaged and empowered the youth interns to assess enhancement opportunities for Hartford’s parks and recreation assets,” said Bryan Garcia, President and CEO of the Green Bank. “As the birth and burial place of Frederick Law Olmstead, and hub to the insurance industry, the community of Hartford should play a leadership role in the national conversation on green spaces, public health, and confronting climate change about the importance of investing in our parks.”

The project had three key deliverables: a customized park amenity and condition mapping of all parks based on assessments conducted by youth employed through BHCA; a Hartford Custom ParkScore report assessing how Hartford compares on five key metrics; and prioritization maps highlighting areas for park acquisition and rehabilitation with an equity lens.

As part of the program, the interns also received parks assessment specific training including the use of geographic information system (GIS) software from TPL and GIS Consultants, parks, planning and policy career talks from the Advisory Committee, as well as career competency training from BHCA.

“By engaging our youth to lead the condition assessment, this project empowered them to have their voices heard and connected our youth to parts of their city that they’d never explored,” said Danielle Middlebrooks, BHCA’s Capacity Building Consultant. “This project was a tremendous success for our youth by pairing core career competency training with experiential learning and the opportunity to engage with professionals and technology in a new way. Through our partnership with TPL and the Green Bank we were able to enhance our youth’s ability to think critically and take an active role in the change they want to see here in

To access the report please visit www.ctgreenbank.com/hartford-parkscore. An informational webinar on the report was held on Aug. 15 (recording linked).

 

About Trust for Public Lands

Trust for Public Land creates parks and protects land for people, ensuring healthy, livable communities for generations to come. TPL is a national nonprofit that works to connect everyone to the benefits and joys of the outdoors. In Connecticut and across the country, TPL collaborates with communities to create parks and protect public land where they are needed most. The organization is committed to creating more places that bring people outside—parks, trails, playgrounds and public lands — and making them available and welcoming to everyone, everywhere. This project included both TPL’s Connecticut office and its ‘think and do tank’ – the Land and People Lab.

Learn more at www.tpl.org/

 

About Blue Hills Civic Association (BHCA)

The Blue Hills Civic Association (BHCA) is Hartford’s oldest civic organization, established in 1962. BHCA serves as a catalyst to inspire vibrant, healthy, civically engaged residents and leaders who are supported by strong schools, culturally competent health care, economic equality and safe neighborhoods. The organization accomplishes this by empowering people that live and work in the Blue Hills and surrounding communities to create stable and attractive neighborhoods through Youth, Family and Community impact. This impact includes serving more than 1,000 youth annually as the largest Summer Youth Employment & Learning Program (SYELP) Provider in the City of Hartford, as well as the lead Community School Provider at Weaver High School. BHCA also provides employment training, internships, mentorship, youth organizing and extended-day learning programs to youth and young adults with the goal of building a dynamic workforce with in-demand skills.

Learn more at www.bluehillscivic.org