Montpelier Wins $8 Million for Renewable Energy Project
Posted: Janauary 29, 2010
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MONTPELIER, Vt. — U.S. Department of Energy Secretary Steven Chu announced on January 21, 2010 that the City of Montpelier was one of five communities to share in $20.5 million in federal stimulus funds for local renewable energy projects, netting $8 million for a wood-chip fired combined heat and power system.
The money from the American Recovery and Reinvestment Act (ARRA) to support deployment of community-based renewable energy projects will help build a 1.8 million kilowatt-hour generating plant that will also heat the Capitol Complex; the city’s schools and City Hall; and as many as 156 buildings in the city’s downtown.
“By using locally-grown, sustainably-harvested wood chips, this project will not only provide jobs here in Montpelier, but in the entire central Vermont region,” said Montpelier Mayor Mary Hooper. “We estimate as many 35 net new jobs will be created in the first year.”
The city will also model the project and its benefits – reduced carbon emissions, increased jobs, and use of local resources – for other municipalities regionally and nationally. The U.S. Department of Energy, which selected the five projects, said they will leverage approximately $167 million in local government and private funding, and estimates they will provide enough clean, renewable energy to displace the emissions of approximately 10,700 homes.
To learn more about Vermont ARRA energy programs visit: http://recovery.vermont.gov/energy