Grantee Profile

Vermont Energy Investment Corporation

Grants to Vermont Energy Investment Corporation

  • $350,000Active Strategy

    2014 (Duration 1 year)

    Housing

    BURLINGTON, VERMONT — The Vermont Energy Investment Corporation is dedicated to reducing the economic and environmental costs of energy consumption through cost-effective energy efficiency and renewable technologies. Energy service companies, which are privately-held or investor-owned businesses, focus on large projects with high returns on invested capital, and that model leaves many buildings on the sidelines, especially those located in low- or moderate-income communities and/or of small or medium size, such as affordable rental housing. The grant funds a new energy service company that will yield greater customer savings, substantially reduced energy use, and dramatically lower carbon emissions.

  • $400,000Active Strategy

    2012 (Duration 2 years)

    Housing

    BURLINGTON, VERMONT — The Vermont Energy Investment Corporation is dedicated to reducing the economic and environmental costs of energy consumption through cost-effective energy efficiency and renewable technologies. Energy service companies, as privately held or investor-owned businesses, focus their activity on large projects with high returns on invested capital. This model leaves many buildings on the sidelines, especially those located in low- or moderate-income communities, such as affordable rental housing. The Corporation will use this grant to create a new energy service company business model that yields greater customer financial savings, substantially reduced energy use, and dramatically lower carbon emissions.

The MacArthur Foundation awarded Vermont Energy Investment Corporation $750,000 between 2003 and 2014.