Procurement Subscribe

Financing for Projects & Technology

The image features a logo with the letters "C3" prominently displayed, followed by the words "Climate Catalytic Capital Fund" in a modern font. The design is set against a black background, emphasizing the white text

The Climate Catalytic Capital (C3) Fund

The Climate Catalytic Capital (C3) Fund was established with the passage of the Climate Solutions Now Act (CSNA) of 2022 to increase implementation of clean energy measures and technologies intended to reduce greenhouse gas emissions and mitigate the effects of climate change. An allocation of $15M over three fiscal years was committed to the C3 Fund beginning in FY24, with a minimum of 40% of the Fund’s investments assisting low-income households and communities throughout the state.

View the Eligibility & Investment Criteria and C3 Fund Investment Guidelines.

*The C3 Fund is currently not accepting applications. Please contact MCEC with questions.

Contact MCEC
A row of solar panels reflects the blue sky, with electrical transmission towers and power lines visible in the background. The scene illustrates a renewable energy installation adjacent to a power grid

Eligible Investment Must Measurably:

  • Facilitate the electrification of the transportation sector and the use of sustainable alternative fuels in aviation
  • Enable improvements in energy management and efficiency to reduce GHG emissions from buildings
  • Expand the deployment of clean energy generation and energy storage capacity
  • Target the implementation of energy weatherization measures for low-to-moderate-income households
  • Optimize the economic, health, social, and environmental value of community-scale infrastructure for resilience and energy equity
  • Allow the deployment of advanced clean energy technology
  • Provide for the creation of a Maryland Green Bond Program

Additional Considerations Include:

  • Not more than 5% of the fund balance may be used for administrative purposes
  • The fund may not be used to install new equipment that uses fossil fuels or improve the efficiency of existing equipment that uses fossil fuels
A field of solar panels is positioned on a grassy landscape, with sunlight illuminating the scene and a blue sky in the background. The panels are angled to capture sunlight effectively

The Fund May Consist of the Following:

  • Money appropriated in the state budget
  • Private contributions
  • Federal Grants and programs
  • Proceeds from the sale, disposition, lease, or rental of collateral related to financing made available from the fund
  • Repayment of financing made from the fund
  • Returns from or recovery of any financing made from the fund
  • Proceeds from the sale of any financing made, or assets acquired with proceeds from the fund
  • Interest earnings on the money in the fund
  • Any other money from any other source accepted to benefit the fund

C3 Fund Investment Oversight Committee Membership & Meetings

An Investment Oversight Committee (IOC), appointed by the Maryland Clean Energy Center Board of Directors, will manage the fund. The IOC will determine fund use and distribution using approved Guidelines and may engage contracts for service as needed. Meetings of the IOC are currently scheduled bi-monthly and are held in accordance with Maryland Open Meetings Act regulations.

IOC Roster & Meetings

Potential project and investment partners interested in learning more about the fund and how to apply can view the C3 Fund Application Overview Webinar Recording and slide deck.

MCEC staff will also be available on an ongoing basis to provide technical assistance to complete fund applications.

To top