Call Us Now: (240) 482-4729 Green Energy Initiatives Happening in Maryland - Open Market Energy

Green Energy Initiatives Happening in Maryland

Earlier this year, Governor Larry Hogan allowed Maryland’s Clean Energy Jobs Act to pass without his signature. Though he let the bill go into effect, Governor Hogan didn’t think it was doing enough for green energy. So, he introduced the Clean and Renewable Energy Standard (CARES) initiative, which puts the state on the path to 100% clean electricity by 2040.

In a press release issued by the governor’s office, it states that CARES promises to set an example for the nation, continuing the Hogan administration’s strong commitment to leading the charge on clean energy, climate change, and greenhouse gas emission reductions.

On the first day of the 2020 legislative session, Governor Hogan plans to submit CARES to the General Assembly. The goals of the CARES plan include:

  • Increasing the strategic use of zero- and low-carbon clean and renewable energy sources;
  • Recognizing the clean and safe aspects of nuclear energy;
  • Supporting hydropower, coupled directly with maintaining environmental stewardship;
  • Advancing emerging technology for carbon capture and storage; and
  • Utilizing the role of energy-efficient combined heat and power.

Along with CARES, the governor is also trying to advance solar energy deployment and development on state-managed and -owned properties.

The Southern Maryland Chronicle reported, “The Maryland Department of General Services, along with the Maryland Environmental Service, will conduct a first-of-its-kind assessment and inventory of state properties that could be utilized for solar energy.

The state is pledging an additional $4 million in grants to aid large public institutions, including community colleges and universities, to deploy solar arrays on existing infrastructure—such as parking lots and rooftops—while encouraging state agencies to incorporate solar energy into any future construction.”

OME knows that these types of green initiatives have become increasingly popular in corporate and multi-family environments for a variety of reasons. From a financial standpoint, using renewable sources or implementing energy reduction projects can significantly reduce a property’s operating expenses while also increasing property value. It also showcases that your company or business is committed to its community and striving to be environmentally friendly.

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Open Market Energy, LLC
7625 Wisconsin Avenue
Bethesda, MD 20814
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