Montgomery County Green Bank is making news! Follow the links below to learn more about how we work and what we’ve been up to.
In the United States, financing infrastructure and clean energy projects is often contingent on the quirks of partisan dealmaking in Congress. But there may be a better way.
A green bank model has been successful in several other countries. The United Kingdom’s green bank funded much of its offshore wind boom before the government sold it in 2017. (The current UK government is exploring bringing it back.) Through Australia’s green bank, the largest in the world, the country has invested in wind, solar, and hydrogen development in addition to financing the construction of energy-efficient homes.
The Montgomery County Green Bank and Sandy Spring Bank Tuesday announced they have partnered to help another commercial property in the county implement energy-saving measures that will improve operating costs and reduce greenhouse gas emissions.
The Green Bank hit the Internet in August to talk about its financing options for solar energy and energy efficiency improvements. CEO Tom Deyo discussed the Green Bank’s approach to financing efficiency and renewable energy upgrades on a recent episode of the podcast Solar Now and the Future with its Economic Impact on Black America.
The Montgomery County Green Bank’s work over the last year was highlighted in this annual report published by the American Green Bank Consortium on the many efforts undertaken by green banks throughout the US. The report may also be found at the American Green Bank Consortium website.
BETHESDA – The Montgomery County Green Bank, a nonprofit created by the county, brought together several of its partners to celebrate the completion as a significant energy savings project in Bethesda on Dec. 12.
BETHESDA, Md. (WDVM) — In light of recent climate rallies and protests on climate change, Montgomery County now celebrates its first local green bank – ever. The Montgomery County Green Bank’s focus is on affordable clean energy and investments.
The financial mechanisms are bringing investors to renewables and distributed energy as utilities, co-ops and munis move away from uneconomic legacy assets.
Microgrid Knowledge – Launched by the Coalition for Green Capital, founding members of the consortium include the Baltimore Climate Access Fund, the Connecticut Green Bank, the Florida Solar Energy Loan Fund, the Hawaii GEMS financing program, Inclusive Prosperity Capital, Michigan Saves, the Montgomery County Green Bank, the Nevada Clean Energy Fund, the New York City Energy Efficiency Corporation, and the Rhode Island Infrastructure Bank.
Issue Brief: How green banks are driving energy efficiency and improvements in affordable housing.
This paper provides a basic explanation of green banks, the benefits they offer, issues local governments might consider when deciding whether to create a green bank, and several case studies. It also provides information on other green banking opportunities for local governments.
Washington Business Journal – Montgomery County Green Bank is launching its first loan product for businesses to finance energy efficiency projects — part of a larger plan to spend $14 million in settlement money from the 2016 acquisition of Pepco Holdings Inc. by Exelon Corp.
PR Newswire – Today, Montgomery County Green Bank is announcing the Commercial Loan for Energy Efficiency and Renewables (CLEER), a new lending program with partners Revere Bank and Ascentium Capital LLC. The program is aimed at supporting commercial and industrial businesses that are planning to make clean energy or energy efficiency upgrades to their properties in Montgomery County, Maryland.
Women’s Bar Association article on new Montgomery County Green Bank.
Montgomery Green Bank Names Tom Deyo as First CEO (June 15, 2017)
MyMCMedia – The Board of Directors of the Montgomery County Green Bank (MCGB) has announced Tom Deyo as its first Chief Executive Officer.
What does the green bank landscape look like? (October 4, 2016)
GreenBiz.com – A recent report by the American Council for an Energy-Efficient Economy (ACEEE) analyzes six active green banks with a focus on energy efficiency: Connecticut Green Bank, Hawaii Green Infrastructure Authority, Michigan Saves, Montgomery County Green Bank, NY Green Bank and the Rhode Island Infrastructure Bank.
Nation’s First Local Green Bank Designated in Montgomery County, MD (August 3, 2016)
Coalition for Green Capital – Yesterday, the nation’s first local Green Bank, the Montgomery County Green Bank, was designated as the County’s official Green Bank by the Montgomery County (MD) Council. The Montgomery County Green Bank will allow residents and businesses in Montgomery County to access low-cost financing for clean energy and energy efficiency projects.
Green Banking Goes Local (July 13, 2015)
Brookings Institute – In June Montgomery County, Md. became the first local jurisdiction in the nation to create a green bank. Green banks provide financing for renewable energy and energy-efficiency projects that commercial sources will not yet provide on their own, and Montgomery County’s will leverage public and private funds to drive investment and scale up clean energy deployment.