With $6.5 million in capital commitments, including a $5 million impact investment from MacArthur, the Vermont Energy Investment Corporation has launched Commons Energy L3C, a new subsidiary to help underserved markets reduce their energy and water costs. Commons Energy will take a comprehensive approach to helping reduce energy costs for owners of small and mid-size public purpose buildings such as schools, health care facilities, affordable multifamily housing, and municipal and community structures. It will manage and coordinate project financing, monitor and verify energy-saving measures, and help owners manage their building performance. For all projects, energy savings of 30 percent will be the target.
