落基山研究所RMI：资本对接能力绿色银行与经济发展组织如何推动清洁能源投资2026

RMI

ENERGY.TRANSFORMED.

CAPITALMEETSCAPACITY:HowGreenBanksandEconomic

DevelopmentOrganizationsCanPower

theAdvancedEnergyEconomy

October29,2026

AcknowledgementsandHousekeeping

ThissessionismadepossiblebytheNewEnergy

IndustrialStrategy(NEIS)Center,aglobalnetworkofresearchers,policymakers,andprivatesector

stakeholdersadvancingnewenergyindustrial

strategies.

·Thissessionisbeingrecorded.

·Ifyouhavequestionsatanypoint,pleasedropthemintotheQ&Abox.

RMI-Energy.Transformed.

RMI-Energy.Transformed.

NewEnergyWorks

LaunchedOctober22,2026,NewEnergyWorks(NEW)isanationalcommunityofpracticethatpowers

U.S.economicdevelopmentfromnewenergytechnology

Actionablenew

energyindustry

insights

Peerlearningexchanges

Deepexpertconsultations

NEWprovidesEDOs,localgovernments,andpartnerswithkeysupportforeconomicgrowthinitiatives.

Programingincludesamonthlywebinarseries,andin-personconvenings

NovemberWebinar:TheAmericanNewEnergyEconomyAftertheMidterms|Tuesday,November17,1p.m.ET

RMI-Energy.Transformed.

AgendaandSpeakers

MollyFreedManager

USProgram

RMI

BennettKhurana

Byerley

ChiefOperatingOfficer

U.S.GreenBank50

SimonGlossopDirector

VirginiaCleanEnergyInnovationBank

LiviaPolise

InvestmentAssociate

MassachusettsCleanEnergyCenter

Investmentisupintheadvancedenergysector

Someofthefastestgrowingconstructionhasbeeninelectro-industrialsectors

140$Billions

120

100

80

60

40

20

0

20202021202220232024

Electric

Power

Electronics

Manufacturing

DataCenters

AutoEquipmentManufacturing

2025

SpendingGrowth

ElectricPower

10.3x

Growthfrom2020to2025

ElectronicsMfg

4.4x

Growthfrom2020to2025

DataCenters

1.3x

Growthfrom2020to2025

AutoEquipmentMfg

1.5x

Growthfrom2020to2025

RMI-Energy.Transformed.Source:CensusBureau

RMI-Energy.Transformed.

Yet,criticalpartsofthesupplychainstillfacerisksthatmakeprivateinvestorsunwillingtoinvest

HighbarrierMediumbarrierNotameaningfulconstraint

TECHNOLOGYTECHNOLOGYREVENUEPERMITTINGFEEDSTOCKREGULATORYINFRA.TECHNOLOGY

ctorfabs&advancedMediumMedumHighHighHigh

MediumTransformers,switchgear&gridHigh-High

hardware

MediumAdvancedconductors&grid-MediumHighMedium

enhancingtech(GETs)

HighTransmission,distribution&HighMediumHighHigh

substations

MediumGrid-scalestorage(especiallyHigh--HighMediumHigh

LDES)

-Datacenters&computeHighHighMediumHighcampuses

-Industrialheat&electrificationHighMediumMediumMediumMedium

TECHNOLOGY

Criticalmineralsextraction

Criticalmineralsrefining&processing

Batterymaterials(anodes,cathodes,electrolytes)

Batterycell&module

Medium

manufacturing

Batteryrecycling&circular

Medium

materials

SolarPVmanufacturing

Wind&generationequipment

REGULATORY

High

Medium

Medium

Medium

Medium

Medium

High

High

High

PERMITTINGFEEDSTOCK

Medium

Medium

Medium

Medium

Medium

Medium

Medium

Medium

REVENUE

High

High

High

High

High

INFRA

-

Powersemiconductors&

advancedchipsMediumHighMediumHighHydrogen,e-fuels&derivativesHighMediumHighHighHighHigh

CO₂transport,storage&carbonmanagement

HighHigh

HighHighMedium

The"FourPs"ofattractinganddeliveringadvancedenergyproiectsatthestatelevel:

Places

01Power-readysites:land,utilityservice,powerdelivery,andpermitsalignedonacredibleschedule.

strainingthegrid.

PrivateCapital

Usepublicfinancetotargetthebottleneckslendersfaceandcrowdinprivatecapital.

03

placementandretention

outcomes.

RMI-Energy.Transformed.

Source:RMlanalysis.

RMI-Energy.Transformed.

Historicsilosvs.advancedenergyeconomyproiectneeds

Neithereconomicdevelopmentnorgreenbankswerebuilttoreducespecificelectro-industrialrisk

EconomicDevelopmentOrganizationsGreenBanks

BUILTFORMega-dealsandalreadyfinanceableprojectsBUILTFORSmall-scale,consumer,andcommercialprojects

SUCCESS=Jobs,wages,newbusinessesSUCCESS=Privateleverageratio,technologydeployment

FALLSSHORTIncentivespayoutaftercosts;notbuiltforFALLSSHORTOnly3of45offermanufacturingorsupply

first-of-a-kindriskchainproducts,fewhavesufficientcapital

ELECTRO-INDUSTRIALPROJECTNEEDS

First-lossandguarantees

Subordinateddebtand

equity

Predevelopmentfunding

Coordinationofpower,

sites,permits

Tomeetthismoment,statesneedmorestrategic,creative,catalyticpublicfinancing.Enter:SPIFIs!

tate

Strategic

S

ublic

nvestment

P

Targettherisksthatblockbankability,notjustindividualdeals

Creative

Gobeyondgrantsandtaxbreaksto

participateinrisksharing,coordination,equity

F

inancing

Catalytic

nstitutions

Crowdinprivatecapitalandrecyclepublicdollars

RMI-Energy.Transformed.

SeveralexistingentitiesinastatecouldfunctionasaSPIFI.

Infrastructurebanks

30+states;low-interestloans,guarantees

Greenbanks

~40since2009;cleanenergylending

Energyfinanceinstitutions

Creditenhancement,accesstofederalfunds

Venturefunds

9+states;equityforearly-stagefirms

Revolvingfunds

Low-costloans,repaidandrecycled

Specialpurposeentities

e.g.,NYPA,NMRETA

RMI-Energy.Transformed.

RMI-Energy.Transformed.

SPIFlsfallintothreeprimarycategories,inresponsetothestate'sbudget,priorities,andrisk-appetite.

BStateasfinancier

Participateinthecapitalstackwithtargeted

financialproducts

CStateasinvestor

Takedirectequityorownershipinstrategicprojectsandcompanies

LessdirectcapitalandriskMoredirectcapitalandrisk

AStateasfacilitator

Co