By: Isabelle Elizondo On: September 25, 2023 In: Comments: 0

Enko Chem, Inc. today announced that, with support from the Connecticut Green Bank, the company has embarked on a robust clean energy program at its facility on Maritime Drive. The projected energy savings over 20 years are upwards of $10M including utility incentives, tax credits, and operational energy savings. The energy efficiency project is being financed utilizing a long-term, fixed-rate C-PACE loan totaling $3.6M. C-PACE is administered by the Connecticut Green Bank and is specifically designed for financing green upgrades, such as energy efficiency improvements or the addition of renewable energy sources.

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