Vermont Energy Investment Corporation

The Vermont Energy Investment Corporation is dedicated to reducing the economic and environmental costs of energy consumption through cost-effective energy efficiency and renewable technologies. Energy service companies, which are privately-held or investor-owned businesses, focus on large projects with high returns on invested capital, and that model leaves many buildings on the sidelines, especially those located in low- or moderate-income communities and/or of small or medium size, such as affordable rental housing. The grant funds a new energy service company that will yield greater customer savings, substantially reduced energy use, and dramatically lower carbon emissions.

The Vermont Energy Investment Corporation is dedicated to reducing the economic and environmental costs of energy consumption through cost-effective energy efficiency and renewable technologies. Energy service companies, as privately held or investor-owned businesses, focus their activity on large projects with high returns on invested capital. This model leaves many buildings on the sidelines, especially those located in low- or moderate-income communities, such as affordable rental housing. The Corporation will use this grant to create a new energy service company business model that yields greater customer financial savings, substantially reduced energy use, and dramatically lower carbon emissions.