PRESS RELEASE — “GRITS will level the playing field,” said Mark Orlowski, executive director of the Sustainable Endowments Institute. “Now, schools, colleges, hospitals and municipalities can more easily manage complex energy projects that previously required the extensive resources of large corporations and institutions.” Read more.
On Earth Day (April 22) SEI will launch the full Green Revolving Investment Tracking System (GRITS) 1.0 webtool and introduce the new GRITS Affiliates Program, open to all institutions and organizations in the United States and Canada. Learn more.
In the past month, five more institutions joined the Billion Dollar Green Challenge, including a healthcare system and a secondary school. Each committed to capitalizing a $1 million green revolving fund (GRF) at their institution, with several hoping to grow their fund even beyond that target. Read on.
We are excited to announce four institutions joining The Billion Dollar Green Challenge: Champlain College, the University of La Verne, Portland State University, and Pine Cobble School. The Challenge now includes a total of 41 institutions participating with a combined total of $75 million invested in self-managed green revolving funds (GRFs).
At 3pm EST on Tuesday, December 10, SEI will host Measurement and Verification: Submetering in Green Revolving Fund Management. This will be the first of The Billion Dollar Green Challenge’s new webinar series. This webinar will feature Jim Gudjonson from Thompson Rivers University and Matt O’Keefe from the University of New Hampshire who will present on building submetering methods.
SEI Senior Research Fellows Shoshana Blank and Max Storto authored an article on green revolving funds in the October-December 2013 issue of the Planning for Higher Education Journal.
Energy efficiency offers institutions many benefits, such as lowering utility bills, reducing carbon emissions to meet climate goals, and gaining positive media attention. However, these upgrades also have the potential for improved health benefits. Read more here.
The Sustainable Endowments Institute and presenters from colleges and universities with green revolving funds hosted several sessions at the AASHE 2013 Conference in Nashville on October 6-9. Panels focused on various topics including student engagement, designing and implementing a revolving fund, and investment opportunities. Read more here.
At 1pm EDT on Wednesday, October 2nd, SEI and AASHE hosted “Advanced Strategies and Analytics for Campus Green Revolving Funds,” a webinar offering technical guidance for GRF management related to measurement and verification of project savings, fund analytics, and accounting systems. The webinar featured insights from a recent publication by AASHE and SEI titled Green Revolving Funds: A Guide to Implementation & Management. View an archive of the presentation.
Green Revolving Funds: A Guide to Implementation & Management expands on the Introductory Guide released in January to provide practical guidance for designing, implementing, and managing a green revolving fund (GRF) at a college, university, or other nonprofit institution. Beyond establishing best practices and laying out a roadmap for implementing a GRF, it features technical guidance on measuring project performance and tracking the fund, as well as more case studies and solutions to common challenges. Read more here.