The Public Utilities Regulatory Authority is launching a new program that provides funding for renewable and equitable energy projects in Connecticut.
The Innovative Energy Solutions Program, which launches Friday, is aimed at helping entrepreneurs “identify, pilot and scale” innovative energy projects that “enable a decarbonized, affordable and equitable electric grid for Connecticut,” PURA said.
The program will provide up to $25 million in funding each cycle, with a maximum project award of $5 million. Connecticut-based and out-of-state entrepreneurs are eligible to apply. Businesses can submit conceptual proposals through an online portal, which is available here.
On Tuesday, Jan. 24, the agency is set to hold a remote information session about the program.
For more information, visit portal.ct.gov/PURA/Electric/Office-of-Technical-and-Regulatory-Analysis/Clean-Energy-Programs/Innovative-Energy-Solutions-Program.
