The Glascock Office Building is located at 425 Barlow Pl. in Bethesda. The ceremonies took place in its indoor atrium. The building is occupied by four conservation organizations—the Nature Conservancy, the Wildlife Society, the American Fisheries Society and the American Society of Photogrammetry. The building’s energy efficiency improvements were undertaken with their missions in mind.
The Green Bank was authorized by actions of the County Council in 2015, when County Executive Elrich was a Councilmember. Using a portion of the $25 million in capital provided from settlement money that came to the County from the 2016 acquisition of Pepco Holdings Inc. by Exelon Corp., the Green Bank created its first offering—the Commercial Loan for Energy Efficiency and Renewables (CLEER) program.
The CLEER program bridges a financing gap for energy efficiency, solar photovoltaic and energy storage projects in office, retail, light industrial, common ownership communities and multifamily rental properties that are not fully covered by existing programs. The CLEER program brought new lending institutions into the clean energy financing market by creating risk-sharing partnerships supported by Green Bank funds.
Learn more about the Green Bank here.
