Website: [publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf](https://publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf) ### Introduction The Vermont Clean Energy Development Fund (CEDF) was established in 2005 by the Vermont General Assembly through Act 74 (30 V.S.A. § 8015). Administered by the Vermont Department of Public Service, the CEDF is headquartered in Montpelier, Vermont, as part of the state's broader energy policy framework. The fund does not have a specific employee count publicly listed, as it operates under the Department of Public Service, a state government entity. Its mission is to promote the development and deployment of cost-effective and environmentally sustainable electric power resources, primarily focusing on renewable energy and combined heat and power technologies in Vermont. The vision of the CEDF is to increase local small-scale renewable energy generation while maximizing associated economic development for Vermont citizens. As a government-managed fund, the CEDF is not a public or private company and thus does not have a ticker symbol or market status. It coordinates with other state programs and private entities to integrate and advance renewable energy across all sectors of Vermont’s energy economy, with the primary goal of increasing renewable energy generation within the state [Department of Public Service](https://publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf). ### Key Products and Technology The CEDF does not develop physical products or technologies itself but rather provides funding and support for renewable energy projects and initiatives across Vermont. Below are the key program areas and types of technologies it supports: - **Small-Scale Renewable Energy Projects (Various Technologies)** - **Type**: Funding for solar, wind, hydro, and biomass projects. - **Technical Specifications**: Varies by project; typically focuses on small-scale installations with capacities under 2.2 MW for net-metered systems or community-scale projects. - **Fuel Type or Energy Source**: Renewable sources such as solar, wind, water, and organic matter. - **Key Differentiators**: Emphasis on local, community-driven projects that enhance economic development and energy resilience in Vermont. - **Development Stage**: Operational; ongoing funding for new and existing projects. - **Target Customers**: Vermont residents, businesses, municipalities, and public schools. - **School Heating Assistance with Renewables & Efficiency (SHARE) Program** - **Type**: Grants for wood heating system upgrades or installations in public schools. - **Technical Specifications**: Focuses on efficient wood heating systems to reduce fossil fuel use; specific outputs vary by project. - **Fuel Type or Energy Source**: Biomass (wood pellets or chips). - **Key Differentiators**: Targets educational institutions to reduce heating costs and carbon footprints with renewable solutions. - **Development Stage**: Operational; recent request for applications issued with deadlines in October and November 2025. - **Target Customers**: Vermont public schools [Department of Public Service Funding Opportunities](https://publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf/funding-opportunities-projects). - **Combined Heat and Power (CHP) Initiatives** - **Type**: Support for systems that generate electricity and useful thermal energy in a single process. - **Technical Specifications**: Varies; often small-scale systems for institutional or industrial use. - **Fuel Type or Energy Source**: Primarily renewable fuels or natural gas with high efficiency. - **Key Differentiators**: Promotes energy efficiency by utilizing waste heat, reducing overall energy costs. - **Development Stage**: Operational; integrated into broader renewable energy funding programs. - **Target Customers**: Industrial facilities, institutions, and municipalities in Vermont. ### Regulatory and Licensing Status As a state-administered fund rather than a technology developer, the CEDF is not subject to regulatory licensing processes such as those overseen by the Nuclear Regulatory Commission (NRC). Instead, it operates under the statutory authority of the Vermont General Assembly and is managed by the Department of Public Service. The CEDF’s activities are guided by annual plans and budgets approved by the Clean Energy Development Board (CEDB), which also reviews updates to the fund’s five-year strategic plan [Department of Public Service Board Information](https://publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf/clean-energy-development-board). Key regulatory milestones include the legislative updates and funding allocations determined by the state. There are no specific timelines for "commercial deployment" as the CEDF’s role is to facilitate projects rather than build infrastructure itself. However, recent legislative actions, such as Act 179 in 2024, which reformed Vermont’s Renewable Energy Standard, indirectly influence the CEDF’s funding priorities and program design [Department of Public Service Renewables](https://publicservice.vermont.gov/renewables). ### Team and Leadership The CEDF is managed by the Vermont Department of Public Service, with day-to-day operations overseen by department staff. Strategic oversight is provided by the Clean Energy Development Board (CEDB), which includes seven members appointed to four-year terms by the Commissioner of the Department of Public Service (3 members), the Chair of the House Energy and Technology Committee (2 members), and the Chair of the Senate Energy and Natural Resources Committee (2 members). Specific names and bios of current board members or department staff directly managing the CEDF are not publicly detailed in the most recent sources. No verified X handles for leadership are available in the current data [Department of Public Service Board Information](https://publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf/clean-energy-development-board). ### Funding and Financial Position The CEDF’s funding comes from state appropriations, [[Federal|federal]] grants, and other sources as determined by the Vermont General Assembly. Historically, the fund has faced challenges with limited resources, and as noted in recent reports, the Legislature’s decision to sunset certain funding streams has impacted its capacity. Specific total funding amounts or recent rounds are not publicly detailed for 2025 beyond specific program allocations such as the SHARE program for school heating systems. The CEDF does not generate revenue as it is a grant-making entity, not a commercial enterprise [Department of Public Service Reports](https://publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf/reports-documents). There are no market cap or stock performance metrics as the CEDF is a government program. Key financial updates are typically included in annual reports to the Legislature, though the most recent comprehensive figures are not available in the current data. ### Recent News and Developments | Date | Event | Details | |---------------|------------------------------------|-----------------------------------------------------------------------------------------------| | Dec 20, 2025 | Stakeholder Discussion on Climate Recovery Fund | Posts on X indicate a recent convening of stakeholders to expand the Vermont Municipal Climate Recovery Fund, though not directly tied to CEDF [X Post by [@PFITweet](https://x.com/PFITweet)s](https://x.com/PFITweets). | | Nov 3, 2025 | SHARE Program Application Deadline | Initial applications due for wood heating system grants for Vermont public schools under the CEDF’s SHARE program [Department of Public Service](https://publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf/funding-opportunities-projects). | | Oct 13, 2025 | SHARE Program Questions Deadline | Deadline for questions regarding the SHARE program request for applications; no questions were received [Department of Public Service](https://publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf/funding-opportunities-projects). | | Jan 15, 2025 | Renewable Energy Standard Report | Department of Public Service submitted a report on successor programs for Group Net Metering, potentially influencing CEDF priorities [Department of Public Service](https://publicservice.vermont.gov/renewables). | | Dec 15, 2024 | Climate Infrastructure Financing Report | Vermont Treasurer’s Office released a report on climate infrastructure funding, relevant to broader state energy initiatives including CEDF [Office of the State Treasurer](http://www.vermonttreasurer.gov/climate-infrastructure-financing). | ### Partnerships and Collaborations - **Vermont Public Schools (SHARE Program)**: The CEDF collaborates with public schools through the SHARE program to fund renewable heating systems, reducing reliance on fossil fuels and supporting educational institutions’ sustainability goals. - **State and Federal Programs**: The CEDF coordinates with other state initiatives and federal funding opportunities (e.g., Infrastructure Investment and Jobs Act, Inflation Reduction Act) to maximize resources for renewable energy projects in Vermont [Vermont League of Cities and Towns](https://www.vlct.org/grants-and-funding). - **Private Entities and Municipalities**: The fund works with local businesses, municipalities, and developers to deploy small-scale renewable projects, fostering community-driven energy solutions [Department of Public Service](https://publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf). ### New Hampshire Relevance The CEDF’s focus on small-scale renewable energy and community-driven projects could have relevance for [[New Hampshire]], which shares similar rural characteristics and energy goals with Vermont. Proximity to the ISO-NE grid, which serves both states, offers potential for cross-border collaboration on renewable energy integration. The CEDF’s programs, such as support for biomass heating and small-scale solar, align with New Hampshire’s interest in diversifying energy sources beyond nuclear (e.g., [[Seabrook Station]]) and fossil fuels. The technology readiness of CEDF-supported projects is immediate, as many are operational, making them suitable for near-term deployment in New Hampshire if similar funding mechanisms were established. Alignment with New Hampshire legislative initiatives, such as HB 710 or SMR provisions, is less direct since CEDF focuses on renewables rather than nuclear technologies. However, potential applications include grid power support for rural areas, data center energy needs through renewable microgrids, and industrial heat via biomass systems. There are no specific mentions of CEDF engagement in New Hampshire, but the Northeast regional focus and shared grid infrastructure suggest a natural fit for collaboration or replication of programs. ### Competitive Position As a government fund, the CEDF does not directly compete with private companies but rather complements other state and regional energy programs. Compared to similar initiatives in neighboring states, such as Massachusetts’ Clean Energy Center, the CEDF has a narrower focus on small-scale and community projects, which can be a unique advantage for localized impact but limits broader scalability. In contrast, New York’s NY-Sun initiative focuses heavily on solar with larger-scale incentives, offering a more aggressive deployment pace but less emphasis on diverse renewable technologies. A key risk for the CEDF is funding constraints, as noted in recent reports, which could hinder its ability to meet growing demand for renewable energy projects compared to better-funded state programs [Department of Public Service Reports](https://publicservice.vermont.gov/renewables/clean-energy-development-fund-cedf/reports-documents). ### Closing Note The Vermont Clean Energy Development Fund remains a critical facilitator of small-scale renewable energy adoption in Vermont, with a steady trajectory focused on community impact despite funding challenges. *Report generated December 24, 2025*