Hartford Office
75 Charter Oak Avenue
Suite 1-103
Hartford, CT 06106
Stamford Office
700 Canal Street
5th Floor
Stamford, CT 06902
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Newsletters
Newsletters
October 2022 Newsletter
Fourth Green Liberty Investment Offering Now Open
CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, has opened their fourth Green Liberty offering, a crowdfunding campaign made possible in partnership with Raise Green, a social and environmental marketplace for impact investing. Through this offering, Connecticut residents and citizens nationwide can invest as little as $100 to support small businesses improving their energy efficiency and reducing energy costs.
“Our first three offerings have raised more than $560,000 this year from investors across the country, with a majority from here in Connecticut. Building upon our successful summer offering, which was completely sold out, we are excited to see more and more citizens getting involved and earning a competitive return on their money,” said Bryan Garcia, President and CEO of the Green Bank.
Notes are easy to purchase through an online platform without a broker, with $100 minimums. To date, 71% of the investments made have been $1,000 or less, and more than half of the investors have been Connecticut residents.
Green Bank Fall Update Webinar on Oct. 20
We will host an informational webinar on Thursday, Oct. 20 at 12 pm to provide updates on the Green Bank and our solutions for homes, buildings, and investments. Topics will include potential implications of the Inflation Reduction Act, update on Energy Storage Solutions, news on C-PACE, Green Liberty Notes and more.
Webinars on Energy Storage Solutions for Homeowners
Learn about Energy Storage Solutions during one of our upcoming webinar sessions for homeowners in October and November. Find about the upfront and performance incentives that help make this technology more accessible.
- October 25, 2022 @ 6:00 pm – 7:00 pm Register here: https://attendee.gotowebinar.com/register/1760023873142641164
- December 6, 2022 @ 6:00 pm – 7:00 pm Register here: https://attendee.gotowebinar.com/register/3271495020055640588
Hydrogen Task Force Work Continues; Five Working Groups Launched
The Hydrogen Task Force, which launched its first meeting in July, continues to meet monthly to work towards the goals outlined by the passage of Special Act No. 22-8 to study hydrogen-fueled energy in Connecticut’s economy and energy infrastructure. To help fulfill this mission, five working groups have been created: Policy & Workforce Development; Funding; Hydrogen Sources; Hydrogen Infrastructure; and Hydrogen Uses.
The next task force meeting will be Oct. 11. For meeting schedule, agendas and more information, please visit https://www.ctgreenbank.com/hydrogentaskforce/
New Microgrid Dedicated at Daughters of Mary Campus in New Britain
On September 15, a new one-of-a-kind microgrid was dedicated at the Daughters of Mary in New Britain to power four vital community facilities on their campus. The project was named in honor of the late Mother Mary Jennifer Carroll, who first led the order down the path of sustainable energy development. The first installation, a solar array, was completed five years ago and is now a key component of the campus microgrid to serve its senior living facilities.
The project transforms the 137-acre campus into a groundbreaking renewable energy hub, using green energy to power four standalone buildings and reduce energy costs for the organization. The $7 million project ensures that the critical institution will be able to provide much-needed social services and senior care through emergencies that threaten the local electric grid.
First Director of Environmental Infrastructure Program Sought
We are seeking an entrepreneurial leader to serve as our first Director of Environmental Infrastructure Programs to develop and implement a new business unit of the organization and transform public and private investment in environmental infrastructure. The creation of this leadership role builds upon the Green Bank’s decade of success as a leader in the climate change fight and applies the green bank model to new areas of environmental infrastructure, related to climate adaptation and resiliency, land conservation, parks and recreation, agriculture, water, waste and recycling, and environmental markets, including carbon offsets and ecosystem services. This model extension was the result of the bipartisan passage of Governor Lamont’s House Bill 6441 in June 2021.
Smart-E Special Offer Continues for a Limited Time
Homeowners installing heat pumps, battery 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.) We anticipate this special offer will be ending soon, so get your projects started now.
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.
