MD-PACE Program Manager Appointed to Advance Clean Energy in Maryland

FOR IMMEDIATE RELEASE
January 30, 2019                               

Jessa Coleman Appointed to Advance Clean Energy in Maryland
A diverse group of energy experts have been appointed to MCEC’s Advisory Council

ANNAPOLIS, Md. ­– The Maryland Clean Energy Center (MCEC) welcomes 51 individuals to serve on its 2019 Advisory Council, including Jessa Coleman of PACE Financial Servicing (PFS).

Jessa Coleman is the Programs Manager for PACE Financial Servicing (PFS) in the mid-Atlantic region. In this role, she works with public and private institutions to catalyze investments in energy efficiency property renovations and clean energy generation. One of the programs that she manages is the MD-PACE program, sponsored by MCEC. Ms. Coleman specialized for three years in sustainability and energy while pursuing a Master’s in Management at HEC Paris in France. During this time, she was hired as a consultant by three different companies to analyze and structure their data, resulting in significant changes in service offerings and pricing strategies. She also consulted with non-profits and social enterprises on market strategy and business operations, including the design of a social impact assessment and a strategic marketing study for a business accelerator based in East Africa. Earlier in her career, Ms. Coleman worked at two prestigious global law firms as well as the Departments of State and Commerce. She holds a Certificate in Energy & Finance from Societe Generale and HEC Paris, a Certificate in Social Enterprise Management & Impact Investing from the Middlebury Institute of International Studies, and a BA from American University. Ms. Coleman brings to the Advisory Council an international perspective that is founded in innovative thinking about energy solutions.

“The elite group of individuals serving on our Advisory Council are an integral part of pushing for the growth of the advanced energy economy in Maryland,” said Kathy Magruder, MCEC Executive Director. “We are fortunate to have so many experts and resources, based in and around Maryland, providing the support needed to reach our goals to promote clean energy at the local level.”

The Council draws input from collaborative groups to direct activity related to finance, outreach & education, policy & legislation, advancing innovation, and measuring impacts as related to the MCEC mission and market expansion for advanced energy.

The Maryland Clean Energy Center was created in 2008 to encourage the transformation of the energy economy. MCEC works to implement financing solutions that catalyze the growth of business, create jobs, and make clean energy technologies, products and services affordable and accessible for Maryland consumers.

C-PACE and Adaptive Reuse Go Hand-in-Hand in the City of Baltimore

C-PACE and Adaptive Reuse Go Hand-in-Hand in the City of Baltimore

Project News

The City of Baltimore is a growing market for C-PACE financing. In the past six months, interest in the program has accelerated and the known C-PACE pipeline in the city has more than tripled. This is an encouraging trend that is expected to carry into 2019 and beyond as property owners in the city increasingly realize that C-PACE is a good fit for their financing needs. This surge in interest is aided by the strong support for the C-PACE program by local city officials.

Baltimore is particularly well-suited to benefit from C-PACE financing for adaptive reuse. Using C-PACE for adaptive reuse not only improves the energy efficiency of the property but doubles its benefits by encouraging the adaptation of existing properties in lieu of new construction. The sustainability of this choice is well-aligned with the C-PACE mission to make buildings more sustainable in their energy consumption. Adaptive reuse in Baltimore saves iconic, historic buildings from decay and neglect.

One such example is the conversion of four run-down, abandoned properties in the city. The owner renovated these buildings in 2016 into mixed-use spaces for retail and multi-family residence. Thanks to the City of Baltimore’s amendment to C-PACE Council Bill 18-195 this year, the owner was able to apply for retroactive C-PACE financing to cover part of the cost of these projects. C-PACE was able to finance high efficiency windows, LED lighting, HVAC improvements, and more. This project was financed by Greenworks Lending, who also financed the first C-PACE deal in the City of Baltimore. Andrew Zech, Head of Business Development for Greenworks Lending, says, “With a physical presence in Maryland, Greenworks Lending is proud to support the redevelopment of the state’s largest city. Some of our most exciting projects are the adaptive reuse of historic buildings. The City of Baltimore has a trove of such projects and we look forward to continuing to advance economic development and energy efficiency in the region.”