Woody biomass is already made in abundance in Maryland. However, the use of this renewable fuel source for energy, as an alternative to fossil fuels, has not been widely adopted. Project design and financing technical assistance is available.
At the end of this session, participants will be better informed about the economics and potential financing strategies to design, build, own, and operate a woody biomass fed thermal energy system in Maryland.
Questions to be addressed include:
• What does it cost to build, install, and operate a woody biomass energy system?
• What is the expected return on investment from installed biomass energy systems?
• How can these systems be financed affordably and conveniently?
• Which grants, incentives, and renewable energy credits are available to assist with project financing?
• What is the qualification process for the existing Thermal Renewable Energy Credit?
Garry Aime - Energy Program Manager, MD Energy Administration
Wyatt Shiflett - Director of Finance Programs, Maryland Clean Energy Center
Bruce Weaver - State Energy Coordinator/ Program Specialist, USDA Rural Development
Session Moderator: I. Katherine Magruder - Executive Director, Maryland Clean Energy Center
This program is offered in association with the Spurring Fossil Free- Biomass initiative, brought to you by the Maryland Forestry Foundation and Maryland Clean Energy Center in partnership with the Maryland Department of Natural Resources and the Sustainable Forestry Council, with funding from the Maryland Agricultural Education and Rural Development Assistance Fund.