Connecticut Clean Energy Fund
The Connecticut Clean Energy Fund (CT CEF) was established in January 2000 to invest in enterprises and other initiatives that promote and develop sustainable markets for energy from renewables and fuel cells that will benefit the ratepayers of Connecticut.
Money to capitalize the Clean Energy Fund comes from a surcharge on consumers' utility bills. Capitalization is expected to be approximately $15 million in 2000 and grow to approximately $120 million in 2005.
Examples of CCEF's investment in fuel cell technology include:
- $500,000 equity stake in Sure Power Corporation, utilizes and services fuel cells to provide high availability power
- $500,000 convertible note in a 72 MW hybrid power plant combining biomass gasification and fuel cell technologies.
Fund recently solicited a Request for Proposals (RFPs) for commercial fuel cell demonstration projects.
- 1st year funding was approximately $6 million, with $1 million coming from the Connecticut Conservation and Load Management Fund.
- Finalists Announced in March 2002 Included:
- UTC Fuel Cells
- FuelCell Energy