MCEC RFI - DOE LPO
The Maryland Clean Energy Center (MCEC) is a green bank and corporate instrumentality of the State of Maryland that advances the adoption of clean energy and energy efficiency products, services, and technologies. MCEC leverages private capital to help homeowners, businesses, and government entities reduce energy costs.
The Maryland Department of Environment (MDE) has a mission to protect and restore the environment for the health and well-being of all Marylanders by managing air, water, and land resources. In support of this mission and as required by the Maryland Climate Solutions Now Act, MDE released Maryland’s Climate Pollution Reduction Plan in December of 2023. The plan outlines key strategies and investments aimed at reducing greenhouse gas emissions 60% from 2006 levels by 2031 and keeping the state on track to achieve net zero emissions by 2045. The investment, incentives, and programs of additional partner agencies may also be leveraged to achieve related outcomes, including enhancing support for clean energy projects and related activities benefiting low-to-moderate income (LMI) Marylanders. Partner agencies include the Maryland Energy Administration, the Maryland Department of Housing & Community Development, the Maryland Department of Labor, and the Maryland Department of Transportation.
In addition, MCEC and the Clients we support have established policy mandates and developed aligned and, in many instances, more aggressive goals to significantly reduce greenhouse gas emissions in the near term. These goals and mandates will be challenging to achieve, and it is critical that MCEC and state agency partners add private project development resources in order to meet them. MCEC financing and funding capabilities per statute, including the availability of Climate Catalytic Capital (C3) Fund resources, may also be considered in proposed investment strategies.
Through this Request for Information (RFI), MCEC seeks to gather information regarding the potential use of State funds to implement the priorities outlined in Maryland’s Climate Solutions Now Act and associated Climate Pollution Reduction Plan, the Clean Energy Jobs Act and Clean Energy Future package (collectively, “Clean Energy Laws”), and leverage federal financing from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO).
View the pre-submittal conference recording, presentation, and Q&A transcript for additional information.
*NOTE: Potential projects must be evaluated by the U.S. Department of Energy Loan Programs Office in order to determine whether or not they meet the criteria for LPO financing. All interested parties are encouraged to review the LPO’s Program Guidance for Title 17 Clean Energy Financing Program, included as Appendix 1.