Through grants and investments, the Metropolitan Edison/Penelec Sustainable Energy Fund promotes the development and use of renewable energy and clean energy technologies, energy conservation and efficiency, sustainable energy businesses, and projects that improve the environment in the companies’ service territories.
In 2000, the Community Foundation received $6.8 million to establish the Penelec Sustainable Energy Fund as the result of the deregulation and subsequent settlement agreements by Pennsylvania Electric Utilities. At the same time, the Metropolitan Edison Company Sustainable Energy Fund was established and is managed by Berks County Community Foundation. The two funds, which share an advisory committee and are commonly referred to in the singular as the Met-Ed / Penelec Sustainable Energy Fund, marked their 20th anniversary in 2020. Since inception, the Met-Ed / Penelec SEF has approved 245 grants totaling $5,069,852; 50 loans totaling $25,043,724; and 3 equity investments totaling $1,600,000.
The Met-Ed / Penelec Sustainable Energy Fund will begin accepting grant applications on February 1, 2022, for its annual spring grant process. The Fund provides grants and program-related investments for projects serving the Met-Ed and Penelec electric companies in Pennsylvania that meet the mission of the fund.
The mission of the fund is to support:
• the development and use of renewable energy and clean energy technologies
• energy conservation and efficiency
• sustainable energy businesses
• projects that improve the environment in the companies’ service territories, as defined by their relationship to the companies’ transmission and distribution facilities
The fund will award multiple grants of $2,000 to $50,000 for projects within or substantially affecting the Met-Ed and Penelec territories. Program-related investments in addition to this amount may be considered. Program-related investments range from $25,000 to $500,000. Applications are due by March 15, with decisions made no later than the end of July. Click here for more information about the Met-Ed /Penelec Sustainable Energy Fund.
For projects in the Penelec territory, applicants can create a profile, get details and eligibility requirements about this grant opportunity, and APPLY HERE. Questions should be addressed to Angie Berzonski, Associate Director of the Community Foundation for the Alleghenies, at [email protected].