Press Release

Connecticut Green Bank Subsidiary Launches Investment Offering through Raise Green Crowdfunding Platform

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December 15, 2021

Press Release

Offering provides an opportunity for citizens to support Green Bank’s mission to confront climate change through investment in Eversource’s Small Business Energy Advantage Program

Hartford, CT (Dec. 15, 2021) – CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, proudly announces their new Green Liberty offering, a crowdfunding campaign launched in partnership with Raise Green, a regulation climate tech marketplace for local impact investing. This new program allows citizens to invest in the Green Bank’s mission to confront climate change. The Green Liberty offering will support Eversource’s Small Business Energy Advantage (SBEA) program, administered through the Conservation and Load Management Plan.

As a result of the climate benefits associated with this program, the offering has been reviewed and verified for its environmental attributes by Kestrel Verifiers.

“Climate change is an existential threat, and massive amounts of capital investment are needed to help combat its effects,” said Bryan Garcia, President and CEO of the Green Bank. “To grow our impact, we need investment support from everyday people – from families in Connecticut to citizens across the country.”

The SBEA program enables small businesses to reduce their energy costs by making energy efficiency upgrades in their office, shops, restaurants, and factories, using zero interest loans. Participants in the SBEA program can borrow up to $100,000 to address these measures at zero interest and repay their financing on their electric bills. In 2019, the Green Bank closed on a financing structure that brought cheaper capital from the market to the program, thereby reducing the ratepayers’ subsidy, by lowering the cost of the capital in the program through a public-private partnership between the Green Bank and Amalgamated Bank.

“Millions of people are alarmed about the climate crisis and are looking for something they can do to make a difference. Taking direct action on the climate crisis can be as simple as investing a few hundred dollars into climate solutions,” said Franz Hochstrasser CEO and Co-Founder of Raise Green. “With Raise Green, we make it easy to invest in climate solutions so everyone can take direct action on the climate crisis and help make real climate projects happen.”

For more information about the crowdfunding opportunity, please visit www.greenlibertynotes.com