The Connecticut Green Bank is a public policy innovation, a catalyst that helps mobilize greater local and global investment to address climate change.
As the nation’s first green bank, the Green Bank makes clean energy more accessible and affordable for all Connecticut citizens and businesses by creating a thriving marketplace to accelerate the growth of the green economy. We facilitate clean energy deployment by leveraging a public-private financing model that uses limited public dollars to attract private capital investments.
In June 2021, with bipartisan support, Governor Lamont’s House Bill 6441 was passed and will extend the green bank model beyond clean energy to include environmental infrastructure.
Investment focus
The Green Bank’s investment focus targets “clean energy” and “environmental infrastructure” as defined by Connecticut General Statutes Section 16-245n.
Clean Energy includes:
- Solar photovoltaic energy
- Energy efficiency projects
- Solar thermal, geothermal, or wind energy
- Fuel cells
- Low-impact hydropower
- Biomass conversion
- Combined heat and power systems
- Electric vehicles and infrastructure
- Other energy resources and emerging technologies which have significant potential for commercialization
Environmental Infrastructure means structures, facilities, systems, services, and improvement projects related to:
- Water
- Waste and recycling
- Climate adaptation and resilience
- Agriculture
- Land conservation
- Parks and recreation
- Environmental markets including carbon offsets and ecosystem services