Public sector customers are not required to have a project identified or defined prior to completing the UPS Fund Program application. Public sector customers may apply any time and MBCP will facilitate project development.
Energy Resiliency Solutions
Eligible technologies include but are not limited to: simple backup fossil fuel generators (natural gas, diesel, etc), battery energy storage systems (BESS), solar PV, wind, and combinations of technologies that provide energy resiliency.
Finance Overview $20 million is allocated to enhance public sector project finance. Approved projects will have access to finance through UPS Fund Program currently offered at 1.87% with 10 year repayment term.
Public Sector projects may be financed in whole or in part by MBCP, depending on project structure as agreed upon by project Team (customer, vendor/contractor, MBCP and others). As each project is a unique and custom designed energy facility, the project Team will agree on “preferred structure” for ownership, finance, and asset management, etc.
For a more detailed diagram of the Public Sector Process, please see the Public Sector Process Flows below.