With all the effort to make our energy use more efficient, this week’s First Look examines the Sustainable Energy Utility. State Senator Harris McDowell has led the charge on trying to make money for the state by becoming more energy efficient. He calls it “monetizing the non-use of energy”.
Since being established by state lawmakers in 2007, the SEU has sold more than $70 million in bonds to fund energy projects in Delaware. The energy savings that result from those projects will help repay the bonds. The SEU is also behind Energize Delaware which is designed to offer Delaware residents a one-stop resource for sustainable energy solutions. In April, the SEU established a market for investors to buy and sell solar renewable energy credits.