Company Research Report: Clean Energy Fund of Texas

Company Overview

Name, Mission of the Company

• Name: Clean Energy Fund of Texas

• Mission: The mission of the Clean Energy Fund of Texas is to make clean energy resources affordable for all Texans. The organization aims to reduce greenhouse gases and address climate equity by financing energy efficiency, weatherization, and water conservation.

Foundation and Founders

• Founded: 2021

• Founder: Stephen K. Brown II

Key People in the Company

• CEO: Billy Briscoe

• Executive VP & Chief Credit Officer: Stephen K. Brown Sr.

• Chief Information Officer: Sandeep Loka

• Program Director, Solar for All: Teresa Morales

• Chief of Staff: Shannon Ramirez-Conklin

• Business Development Manager: “Theo” Gervais Woodard

• Vice President, General Counsel: Shahara Wright

Headquarters

• Location: Houston, Texas

Number of Employees

• Number of Employees: No information is available.

Revenue of the Company

• Revenue: No information is available.

Notable Achievements

• The Clean Energy Fund of Texas is known for being the first "green bank" in Texas, catalyzing financially responsible investments in renewable energy and energy efficiency.

Products

Overview of Products

1. SunRise Home Improvement Loan

• Description: Home energy efficiency loans from $3,000 to $30,000 with long terms and low fixed interest rates.

• Key Features: Improves home resilience during extreme weather and reduces energy costs.

2. The Village Loan

• Description: Tailored for multi-family properties with at least 40% low-moderate income tenants.

• Key Features: Reduces energy costs and improves energy efficiency for tenants.

3. Navigator Pre-Development Loan

• Description: For non-profit or for-profit developers contemplating clean energy projects.

• Key Features: Loans cover up to 75% of eligible pre-development costs.

4. The Clean Building Loan

• Description: Aimed at for-profit businesses or non-profit organizations.

• Key Features: Improves building energy efficiency and water conservation, includes an energy audit for optimization.

Services

• Advocacy: Advance clean energy and environmental policies.

• Contractor Platform: An online workflow platform to streamline the application process.

• Energy and Water Audits: Free audits for low and moderate-income families and small businesses.

• Green Workforce Development: Programs for developing careers in the green economy.

• Environmental and Energy Literacy: Education programs to assist families in selecting contractors and energy providers.

• Credit Enhancements: Provide credit enhancements to reduce the risk for banking partners.

Recent Developments

Recent Company Updates

1. CEO Appointment

• Date: June 10, 2024

• Detail: Billy Briscoe named CEO from the position of executive vice president/chief operating officer.

2. New Team Members

• Date: July 1, 2024

• Detail: Brook Abitz, Stephen K. Brown, Sr., Sandeep Loka, “Theo” Gervais Woodard, Shahara Wright joined the team.

New Products Launched

• No information is available.

New Features Added to Existing Products

• No information is available.

New Partnerships

1. EPA Solar For All Program Grant

• Date: April 22, 2024

• Detail: The company was part of a winning proposal that received a $156 million grant to spread solar power and jobs across the U.S. South in partnership with the Bullard Center for Environmental and Climate Justice at Texas Southern University.

Conclusion

The Clean Energy Fund of Texas, as a recognized leader in green financing, plays an essential role in advancing energy efficiency and equity in Texas. The organization fosters collaborative relationships, leverages data-driven strategies, and maintains high integrity to ensure a sustainable future. While specific financial metrics and staff counts are not disclosed, their impact through advocacy, accessible financing solutions, and strategic partnerships demonstrate significant progress and commitment to their mission.