America’s green bank – officially known as the Greenhouse Gas Reduction Fund – is ramping up.
Thanks to the Inflation Reduction Act, the federal government is sending $27 billion to a network of non-profit organizations, state green banks, and local private lenders to fund distributed energy projects.
The pressure is on to invest those dollars quickly and efficiently. The GGRF won’t be considered successful if it only deploys that $27 billion – it will be successful if it catalyzes 5x more in capital deployment.
That means building a transparent market with uniform lending standards for CDFIs and local banks – lenders that may be touching solar, storage or other distributed energy deals for the very first time.
The money is headed out the door. Are lenders ready to deploy it?
This week, we're featuring a conversation with Amanda Li of Banyan Infrastructure and Billy Briscoe of the Clean Energy Fund of Texas. It was recorded live as part of Latitude Media's Frontier Forum series.
We'll unpack the details, the urgency, any potential gaps, and the stakes for building a market.
This episode was produced in collaboration with Banyan Infrastructure. Read more of Banyan’s insights into the GGRF here.
