Penelec Sustainable Energy Fund

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Through the making of loans, investments, and grants, 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 15th anniversary in 2015. Since inception, the Met-Ed / Penelec SEF has approved 213 grants totaling $4,139,373; 47 loans totaling $24,488,724; and 3 equity investments totaling $1,600,000.

Beginning January 15, 2019, the Met-Ed / Penelec Sustainable Energy Fund will revise its grant application and review process. Grant opportunities for 2019 will support these two specific types of projects and programs:

  1. Development and use of clean energy technologies and energy efficiency: Applications for this program will be reviewed in two rounds. They will be accepted online from January 15 through March 15, with decisions to be made in July 2019. They will be accepted again from August 15 through October 15, with decisions to be made in December 2019.
  2. Workforce development in the sustainable energy field: Applications will only be accepted online from January 15 through March 15, 2019.

Note that these are no longer rolling grant opportunities. All applications for 2019 for these two programs must be completed online by the established deadlines to be considered.

Click here for more information about the Met-Ed /Penelec Sustainable Energy Fund, details about these grant opportunities, and links to the grant applications.

 

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