Connecticut Green Bank

Connecticut Green Bank

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DateInvestorsAmountRound

$3.6m

Early VC
Total FundingCAD4.9m

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Connecticut Green Bank, established by the Connecticut General Assembly in July 2011, is a pioneering financial institution focused on accelerating the deployment of clean energy solutions. As the first green bank in the United States, it leverages limited public funds to attract private capital investments, thereby making clean energy more affordable and accessible to a wide range of clients. These clients include homeowners, building and multifamily property owners, residential and commercial contractors, towns and cities, and capital providers. Operating within the clean energy market, Connecticut Green Bank's business model revolves around using public dollars to catalyze private investments in green energy projects. This approach not only helps in reducing energy costs for clients but also supports local economic development and job creation. The bank generates revenue through various financial products and services designed to facilitate green energy investments, such as loans, leases, and power purchase agreements. By focusing on creating resilient, healthier, and equitable communities, Connecticut Green Bank plays a crucial role in confronting climate change and promoting a sustainable green economy.

Keywords: clean energy, public-private investment, green economy, affordable energy, accessible energy, homeowners, contractors, economic development, job creation, sustainable communities.

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Investments by Connecticut Green Bank

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