New Ohio Energy Resource Fund Offered for Business Energy Efficiency
The new Ohio Efficiency Resource Fund, a private fund launched on May 22, is designed to provide otherwise hard-to-get financing for small and medium-sized businesses to make energy-efficiency improvements. The fund is expected to help property owners meet the state’s Energy Efficiency Resource Standard, which calls for cutting electricity use 22.2% by 2025, and is now accepting applications from facility owners who have efficiency retrofit projects costing less than $1 million. The financial tool is part backed by the Council of Smaller Enterprises (COSE), efficiency-services financer Metrus Energy, and CalCEF, an organization focused on accelerating clean energy technologies. COSE, the largest small business support organization in Ohio with more than 14,000 members, will help identify and match suitable projects with vetted local contractors. See the COSE press release.