$750,000 Incentives in Operational Demonstration Program
The Connecticut Clean Energy Fund (CCEF) created the Operational Demonstration Program to enable early-stage companies to demonstrate the effectiveness of their own near-commercial, clean-energy technologies. The program supports proposals for demonstration projects that have a high likelihood of developing into a commercial product within a reasonable period of time. Eligible resources include solar, wind, ocean thermal, wave or tidal, run-of-the-river hydro, fuel cells, hydrogen generation and storage technologies, landfill gas, low-emission advanced biomass-conversion technologies, and usable electricity from combined heat and power (CHP) systems with waste-heat recovery systems. Projects must have a capacity of at least one kilowatt (kW), or the functional equivalent for hydrogen generation. Funding for the Operational Demonstration Program will be provided in the form of an unsecured loan, with repayment contingent upon the product achieving "commercial success." The CCEF will also collect an additional percentage of product revenues for products that exceed a higher revenue threshold. The maximum amount of funding for each individual award is $750,000. Requests for funding above $500,000 must be justified, however, by the unique nature of the project, the project’s large scale, or compelling potential benefits for Connecticut electric ratepayers. Applicants must be entrepreneurs, developers or integrators of the technology they hope to commercialize and must have a demonstrated long-term interest in commercializing the technology. Contact: Connecticut Clean Energy Fund, Connecticut Innovations, 200 Corporate Place, 3rd Floor, Rocky Hill, CT 06067; 860-257-2332; Fax: 860-563-4877; http://www.ctcleanenergy.com/default.aspx?tabid=98
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