More than a couple bankers and government agents are trying to offer us cheap loans for weatherization and efficient ice boxes and all.  I'll confess to indulging in a chest freezer for my deer meat.

Financial Posts

The Financial Side of Clean Energy

It's going to take a lot of investment monies to power this shift to clean energy.  With "green loans", tax incentives, grants and direct investments, Mainers can put  together the financing they need.  We'll keep you up to date on all the options as they come and go. 

photo of a bank edifice

 
 

Financial Blog Posts

03/12/2017 - 1:28pm

A solar eruptive prominence as seen in extreme UV light on March 30 2010 with Earth superimposed for a sense of scale image Credit to NASA and SDOYou may have heard of solar storms in earth science or geophysics classes in school, right?

03/12/2017 - 11:59am

Jeff Marks Executive Director of the Environmental and Energy Technology Council of Maine or E2Tech by Kay MannAs part of the forum hosted by the Environmental and Energy Technology Council (E2Tech) on March 3, 2017, Executive Director Jeff Marks delivered an update on the status of the&

03/11/2017 - 5:45pm

On March 3, 2017, the Environmental and Energy Technology Council of Maine hosted a forum in Augusta, entitled, “Playing Matchmaker- Aligning Energy Challenges with Compatible Policies”. The forum addressed the following questions: What are the most important energy challenges facing the State of Maine?

02/20/2017 - 3:28pm

 New England Grassroots Environment Fund logoThe New England Grassroots Environment Fund is offering Grow Grants of up to $3,500 for community sustainability initiatives across New England and the application deadline for this round is March 15, 2017. 

02/05/2017 - 6:12pm

Laney Brown, VP of Grid Modernization Strategy from Modern Grid Partners photo by Kay MannThe sixth annual Efficiency Maine Symposium had a very long name this year: “modernization of the electricity grid and opportunities for distributed energy resources”.

02/04/2017 - 9:22pm

smart meter photo by Kay MannOn January 31, 2017, the Maine Public Utilities Commission issued a decision on proposed rule changes regarding customer net energy billing. The following information comes from the MPUC’s press release on the announcement.

01/10/2017 - 8:07pm

 Dan Allegretti Vice President of State Government Affairs at Exelon photo by Kay MannOn December 8, 2016, Peter Shattuck, Director of the Clean Energy Initiative at the Acadia Center, Dan Allegretti, Vice President of State Government Affairs at Exelon, and Kathleen Meil of

01/08/2017 - 12:52pm

In July of 2016, the U.S.

12/12/2016 - 7:28pm

A tree in Maine photo by Kay MannThere is a new kid on Maine’s sustainable energy investors block.

Financial News

Seven Maine Businesses Receive REAP Grants for Energy Improvements
03/12/2017 - 4:16pm

USDA logo courtesy of USDAUSDA Rural Development Acting State Director Tommy R. Higgins announced on March 2, 2017 that seven Maine businesses have been selected to receive Rural Energy for America Program (REAP) grants totaling $77,500 for the purchase and installation of solar energy systems and energy efficiency improvements. Here is the list of recipients:

FEDCO Seeds, Inc.
Harpswell Freezers, LLC.
Power Gripps, USA, Inc.
Solar Center, LLC
Trippcrest Farm
Waldoboro Environmental Park, Inc.
Wilbur B. Bradbury, dba Bradbury Maple

Read what they are going to do with the money on the USDA’s Maine page.

USDA logo courtesy of USDA.

Feds Throw Lifeline to Maine’s Forest Products Industry
02/05/2017 - 7:40pm

SAPPIs Skowhegan woodyard courtesy of SAPPIOn January 18, 2017, the US Economic Development Administration announced a series of grants and initiatives aimed at breathing new life into Maine’s ailing forest products industry by helping industry leaders create a vision and roadmap for the sector. These will include forging a collaboration between Oak Ridge National Laboratory, University of Maine and the US Department of Energy, to find new opportunities for biomass energy for combined heat and power, microgrid and cutting edge research related to biofuels.

The news is welcomed by the Maine Forest Products Council and the Professional Logging Contractors of Maine as a way to carry the industry into a future of stable prosperity.

Read the full report of the Economic Development Assessment Team (EDAT).  Or, read the full story in Mainebiz.

Image credit: SAPPI’s Skowhegan woodyard courtesy of SAPPI.

MPUC Defers Decision on Net Metering Rule Changes
01/08/2017 - 1:51pm

Photo of Mark Vannoy courtesy of the Maine Public Utilities CommissionOn December 19, 2016, the Maine Public Utilities Commission announced a delay in handing down a decision about a controversial set of proposed rule changes to Maine’s net metering law.

Commission Chairman Mark Vannoy was quoted as saying, ”This is an important rule and more time is needed to consider the proposed rule in light of the comments we received to ensure that the rule treats all ratepayers in a fair manner. It remains clear that changes in technology and costs of small renewable generation, particularly solar photo-voltaic, require a careful review of the current rule and potential modifications."

The 128th Maine Legislature, which has just opened it 2017 session, will also be considering changes to net metering laws.

Read more in Mainebiz and read the announcement on the MPUC website.

Photo of Mark Vannoy courtesy of the Maine Public Utilities Commission.

Maine Prepares to Export Wood Chips
11/13/2016 - 2:52pm

image of wood chips courtesy of DOEAs of November 8, 2016, the ports of Searsport and Eastport, Maine are announcing that they are prepared to begin exporting wood chips to India and the European Union, to be used as power generation feedstock, as soon as 2017.

Preparations have been underway since 2009 and involve perfecting a process called phytosanitation for heat treating the wood product to kill insects before transit. The news is being welcomed by Maine’s biomass industry, which has been dogged by paper mill closures and low oil prices for the past several years.

Read the full story in the Portland Press Herald or in Mainebiz.

Image of wood chips courtesy of DOE.

DOE Invests in Maine Tidal Power Company
09/17/2016 - 8:37pm

ORPC's TidGen turbine generator unit being readied for installation at Cobscook Bay Tidal Energy Project site image courtesy of ORPCOn August 31, 2016, U.S. Senators Susan Collins and Angus King announced that Ocean Renewable Power Company (ORPC) of Portland, Maine will receive $5,350,000 through the Department of Energy to enhance the performance of its tidal turbine system.  ORPC was one of 10 organizations across the country to receive funding to support the development of a commercially viable marine and hydrokinetic industry.

ORPC plans to use the grant to enhance the performance of its tidal turbine system by integrating several advanced component technologies. The device's novel floating design will move the turbine near the surface to capture higher flow velocities and will help reduce the cost of installation and on-water operations, ultimately lowering the cost of energy. This project will demonstrate and monitor turbine performance during its deployment in Cobscook Bay.

Read the announcement from Senator Collins.

Read the Energy Department’s announcement.

Image credit: ORPC's TidGen® turbine generator unit being readied for installation at Cobscook Bay Tidal Energy Project site, courtesy of ORPC.

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