An Act To Create A Direct Investment Pilot Project Under The Maine Clean Energy And Sustainability Accelerator
This bill creates a pilot project under Maine's Clean Energy and Sustainability Accelerator to provide direct financing for renewable energy and grid technology projects. It requires the Efficiency Maine Trust to use at least $1 million in accelerator funds within 24 months for debt financing, equity, loans, and other approved services targeting renewable energy generation, energy storage, microgrids, and smart grid applications. The pilot project directly affects renewable energy developers and grid technology providers in Maine by expanding available funding mechanisms. By January 2028, the Trust must report on the pilot's effectiveness to the Legislature's energy committee, including details on funded projects and potential recommendations for continuation.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2025
Committee Review
May 2025
House Passage
May 2025
Senate Passage
May 2025
Signed into Law
Jun 2025
Introduced Apr 17, 2025
Signed Jun 10, 2025
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
23
Key actions
8
Committee
8
May 28, 2025
Upper · Passed
PASSED TO BE ENACTED, in concurrence.
upper
May 28, 2025
Lower · Passed
PASSED TO BE ENACTED.
lower
May 27, 2025
Upper · Passed
Committee Amendment "A" (H-241) READ and ADOPTED.
upper
May 27, 2025
Upper · Passed
On motion by Senator LAWRENCE of York the Majority Ought to Pass as Amended Report ACCEPTED.
upper
May 22, 2025
Lower · Passed
Committee Amendment "A" (H-241) was READ and ADOPTED.
lower
May 22, 2025
Lower · Passed
On motion of Representative SACHS of Freeport, the Majority Ought to Pass as Amended Report was ACCEPTED.
lower
May 21, 2025
Legislature · Passed
Reported Out - OTP-AM/ONTP
legislature
Apr 17, 2025
Committee
The Bill was REFERRED to the Committee on ENERGY, UTILITIES AND TECHNOLOGY in concurrence
upper
Apr 17, 2025
Committee
The Bill was REFERRED to the Committee on ENERGY, UTILITIES AND TECHNOLOGY.
lower
Apr 17, 2025
Lower · Passed
Committee on Energy, Utilities and Technology suggested and ordered printed.
lower
1 primary · 8 co-sponsors
Sponsors
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