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.
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.