By Tristan Navera, Washington Business Journal D.C. Green Bank’s inaugural chief is exiting as the financial organization prepares to emerge from its “startup” phase and take advantage of federal resources now available to support sustainable construction. Eli Hopson, founding CEO of the 2.5-year-old program, is leaving to become chief…
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DC Green Bank Announces Leadership Change
October 12, 2022(Washington, D.C.) DC Green Bank announced today the departure of the bank’s inaugural Chief Executive Officer, Eli Hopson, and an orderly transition to interim-CEO Jean Nelson-Houpert, the bank’s current Chief Financial Officer. Mr. Hopson leaves DC Green Bank after 2.5 years of committed service, growing the institution’s investment portfolio from…
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Green Banks: Part of Climate Solution & More Resilient Communities
September 22, 2022NEW YORK — NRDC Release – The new Inflation Reduction Act is poised to make major investments across the country and in disadvantaged communities to more equitably spur development of green technologies that reduce or avoid climate pollution, according to participants at a Climate Week green bank event today in…
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Green Banking Groups Want New Federal Money to Create National Bank
September 6, 2022By Alison Bennett, S&P Global Some industry leaders are advocating for billions of dollars in new federal funding for green banks to go toward a national nonprofit institution that could jump-start the clean energy market and help state and local banks. A green bank is a public, quasi-public or nonprofit…
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DC Green Bank and Rainplan Partner on Stormwater Projects in District
September 6, 2022By Keith Loria, Commercial Observer A joint venture between DC Green Bank and Rainplan has closed on an initial $2 million of financing to increase access and affordability for projects across Washington, D.C., designed to manage heavy rainfall, prevent flooding and filter storm runoff. The loan will deliver financial support…
Read MoreDC Green Bank and Rainplan Announce a $2,000,000 Deal to Support Commercial and Residential Stormwater Management Projects
August 31, 2022DC Green Bank and Rainplan announced today the closing of an initial $2,000,000 deal to increase access and affordability for stormwater management infrastructure across the District. The loan agreement is groundbreaking in its commitment to deliver financing for both commercial and residential projects as well as its approach to diverse…
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Climate Law Ushers in New National Green Bank
August 26, 2022NRDC – Carolina Herrera, Sarah Dougherty, and Douglass Sims The passage of the Inflation Reduction Act (IRA) is a long-overdue step toward establishing a national green bank that will unleash tens of billions of public and private dollars for investment in clean energy and climate-resilient infrastructure in underserved communities. In…
Read MoreHow a New National Green Bank Could Steer $27B to Clean Energy Projects
August 24, 2022The fight against climate change will need big investments in infrastructure like solar and wind farms, transmission grids and low-carbon industry. But it also needs many more small-scale investments for hundreds of millions of homes and businesses — and that kind of work is best done locally. So say green-bank…
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President Biden Signs the Historic Inflation Reduction Act, Unlocking $27 Billion for Green Banking Nationwide
August 16, 2022(Washington, D.C.) – Today, President Joseph R. Biden signed the historic Inflation Reduction Act. This legislation is a landmark achievement on the road to a cleaner, more equitable, and more prosperous future for all. The Act is a downpayment towards meeting the necessary emissions reductions to avoid the worst impacts…
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Can ‘green banks’ bring clean energy to the masses? The U.S. is betting $27B on it
August 8, 2022By Kazi Stastna, CBC News You’ve heard of the gold rush? Get ready for the green rush. With close to $370 billion US ($475 billion Cdn) on the table, the race will soon be on south of the border to secure some of the clean-energy cash expected to flow out…
Read MoreD.C.′s Solar for All Program Just Installed Its First Solar Shingles
June 30, 2022By Aysha Khan, Next City Washington, D.C. just finished installing its first solar shingle project through the district’s Solar for All program for low-income residents. The new installation at Rock Creek Ford is one of nearly 200 community solar installations underway as part of Solar for All, a Department of…
Read More‘Dragonscale’ Solar Shingles Will Power DC Community Solar Project
June 29, 2022By K Kaufmann, RTO Insider WASHINGTON — The “dragonscale” solar shingles that are powering Google’s (NASDAQ:GOOGL) massive eco-friendly campus in California’s Silicon Valley will soon also be pumping out electrons from the much smaller rooftop of a multifamily building in D.C., while cutting electric bills in half for about a…
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