Washington Builds is a new mission-driven 501(c)(3) green bank created by the Washington State Department of Commerce and recently capitalized with $25 million to mobilize private investment in clean energy, building performance, and resilient infrastructure across the state. This session walks through how we partner with lenders, contractors, developers, and building owners to close the financing gap on projects that traditional capital can't quite reach.

Allumia was founded in 2014 with the purpose of removing financial barriers to energy efficiency and electrification projects through an Energy and Efficiency-as-a-Service (EaaS) model. Headquartered in Seattle, WA, with staff across the country, Allumia provides funding, project management, and financing structuring for commercial and municipal energy projects, enabling organizations to implement improvements without requiring upfront capital. To date, Allumia has deployed over $32 million in project financing across more than 1,300 commercial and municipal sites in 38 states, with direct project experience serving city governments, public institutions, and small and mid-sized businesses.
 

WHAT YOU WILL LEARN

  • What financial structures are available to building owners and operators to help move projects forward?
  • What are the key differences between Energy and Efficiency-as-a-Service, Finance or Sales Leases, and Equipment Finance Agreements?
  • How does Allumia work with capital providers like Washington Builds to fund customer projects?
  • What resources does Allumia provide, including long term performance and maintenance support?
  • How can you work with Allumia to support building decarbonization and efficiency goals?

  • What a green bank is and how it differs from a traditional lender or grant program

  • How a small amount of public capital can unlock a much larger volume of private lending

  • Washington Builds' three core financing tools: credit enhancement, interest rate buydowns, and subordinate or blended capital

  • The kinds of projects and partners best positioned to use Washington Builds' capital

  • How to bring a deal or partnership to Washington Builds

AUDIENCE

  • Building owners and operators curious about what structures and resources are available to support project funding and long-term support for decarbonization goals.

  • City of Seattle staff working on building performance, electrification, clean energy, economic development, affordable housing, and climate, plus anyone curious about how state-level financing tools can support city programs and constituents.