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The bank would “finance a loan program with funds appropriated from the Special Transportation Fund or other sources of revenue designated for infrastructure improvements.
In June, two Connecticut Democrats, U.S. Rep. Elizabeth Esty and Sen. Chris Murphy, introduced the Green Bank Act in Congress with the goal of establishing a new federal funding vehicle for clean energy projects.
The Connecticut Sustainable Business Council seeks to unite companies regardless of size, sector or location.
The venture is being financed over a period of 16 years and is expected to produce energy cost savings of $4.5 million over the life of the project.
Users of programs like Benchmark CT typically save nearly 4 percent on energy in the first year, the platform's software provider says.
The Connecticut Department of Economic and Community Development (DECD) and Hartford’s Connecticut Green Bank have announced “Energy on the Line,” a program that offers...