Maryland launches $200M clean energy program aimed at boosting power supply and lowering electricity costs
The two-year Megawatts for Maryland program will fund renewable energy and battery storage projects as officials seek to add hundreds of megawatts.
- On Monday, Governor Wes Moore launched Megawatts for Maryland, a $200 million grant program designed to bolster in-state renewable energy generation and storage projects and lower electricity costs.
- The two-year program draws up to $100 million annually from the Strategic Energy Investment Fund, established earlier this year through the Utility RELIEF Act to address rising energy costs.
- Maryland Energy Administration Director Kelly Speakes-Backman said officials will distribute funds through a competitive auction, selecting projects that deliver the most megawatts per dollar spent.
- Collectively, the projects aim to power about 150,000 homes annually, offsetting investment tax credits canceled by the Trump Administration while addressing supply gaps driven by rising demand.
- Developers must submit preliminary applications by November 30, with eligible participants submitting final bids by January 22, 2027, as projects must come online within seven years.
19 Articles
19 Articles
Maryland governor’s $200 million plan to lower power bills comes with a catch
Democratic Maryland Gov. Wes Moore’s new program to bring down power bills won’t lower them right away, the state’s top energy official said. The Maryland Energy Administration opened applications Monday for “Megawatts for Maryland,” a $200 million program that pays grants to developers of renewable energy and storage projects in the state, according to Moore’s office. The grants are paid only after a project begins commercial operation, accordi…
Maryland’s $200M clean energy program won’t lower electric bills anytime soon
Officials on Monday opened applications for a $200 million clean energy auction to help fund solar, wind and other energy projects. But the program isn’t expected to lower residents’ electric bills anytime soon.
Gov. Moore Launches Program to Boost Energy Production, Lower Costs - The BayNet
The following is a press release from The Office of Governor Wes Moore ANNAPOLIS, MD — Governor Wes Moore today announced the launch of “Megawatts for Maryland,” a $200 million clean energy auction program to increase in-state energy generation over the next two years and help lower power costs for ratepayers. The program, developed and […]
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