Massachusetts funds 5 thermal biomass projects
Massachusetts has granted $3.5 to nine renewable thermal projects through the new Massachusetts Renewable Thermal Business Investment Financing Program, with five of those grants supporting wood pellet and wood chips projects.
Funds for the grants are drawn from the state’s Alternative Compliance Payment fund, which are payments made by electricity suppliers when they do not meet state renewable energy portfolio obligations. Each year these ACP funds are allocated by the Massachusetts Clean Energy Center. A variety of technologies are eligible for funding under the new program, including woody biomass, grass pellets, advanced biofuels, biogas, solar thermal, and inverter driven air and ground source heat pumps.