Some biodiesel plants and woody biomass operations are some of the benefactors of $3.5 million in grants handed out by Massachusetts’ Department of Energy Resources. This news release says the money comes from Alternative Compliance Payment (ACP) funds, money paid by electricity suppliers that do not meet their statutory Renewable Portfolio Standard obligation to purchase a sufficient percentage of renewable energy.
“By developing the infrastructure needed to support the adoption of renewable heating and cooling technologies, we will increase consumer options to reduce both the use of fossil fuels and the amount of money spent by Massachusetts homeowners and businesses to heat and cool their buildings,” [said DOER Commissioner Mark Sylvia.]
These are the first grants from the new Massachusetts Renewable Thermal Business Investment Financing Program, which is designed to provide financial support for businesses seeking to establish or expand distribution, manufacturing or marketing of renewable thermal technologies or supply chain infrastructure. A variety of technologies are eligible including woody biomass, grass pellets, advanced biofuels, biogas, solar thermal, and inverter driven air and ground source heat pumps.
Northeast Biodiesel and Cape Cod Biofuels picked up $540,000 and $280,000, respectively, while wood pellet companies Rocky Mountain Wood and Maine Energy Systems each got about $1 million each.