Looking to spur energy-efficiency gains across the US, CalCEF and Metrus Energy on March 13 launched a new financial intermediary service that could unlock the doors to a projected $150 billion in energy-efficiency savings by providing “otherwise hard-to-get financing for small and medium-sized businesses (SMBs).”

Added CalCEF managing director Paul Frankel:  “The Efficiency Resource Fund is a trail-blazing investment vehicle that taps a massive, underserved market opportunity.  We’re enabling a whole class of projects that would otherwise not be completed, while at the same time delivering not just savings for customers but also attractive returns for impact investors and generating capacity for utilities.”