Coalition for Green Capital

What Coalition for Green Capital does

Coalition for Green Capital (CGC) is a 501(c)(3) nonprofit founded in 2012 by Reed Hundt and Ken Berlin and headquartered in Washington, D.C., with additional offices in New York, Boulder, and the Bay Area. It operates as the first U.S. national green bank, deploying structured credit financing—typically $50–200 million tickets with 3–8 year tenors including preferred equity with debt-like features—into clean energy, water, and resilient infrastructure projects that private capital underserves. CGC received $5 billion from the EPA's National Clean Investment Fund and $125 million from Solar for All in April 2024, officially opening for business in August 2024.

The company's "Investment Plus" model combines direct capital deployment with hands-on market development, including grants, technical assistance, and project origination support for state and local green banks, municipalities, tribes, and community lenders. It operates through a network of 39 state and local partners across 33 states, D.C., and Puerto Rico, supplemented by partnerships with ICLEI USA (1,200+ municipal members), Banyan Infrastructure (project finance technology), and a $200 million investment in GreenieRE (reinsurance captive). The network has collectively mobilized over $25 billion in public-private capital since 2011 and created or supported 30+ green banks. Programs include the Municipal Investment Fund ($12.5 million to 50 communities), an open Request for Investment Proposals process, and an Equitable Clean Water Infrastructure program funded by the Robert Wood Johnson Foundation.

CGC's revenue model is nonprofit: it deploys federal and philanthropic grant capital, recycles repayments from structured credit investments, and earns programmatic returns rather than fees. Customer segments span clean energy developers, municipalities, tribal governments, green banks, CDFIs, affordable housing developers, and critical minerals manufacturers. With 1–10 employees, the organization operates a capital-intensive, low-headcount model that depends on network partners for origination and a lean internal team for underwriting, compliance, and capital markets execution. The EPA's 2025 attempt to terminate CGC's GGRF contract—currently under appeal after CGC won a preliminary injunction—represents the principal existential risk to the deployment trajectory.

Name

Coalition for Green Capital

Legal name

Coalition for Green Capital

Website

https://coalitionforgreencapital.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Coalition for Green Capital is a 501(c)(3) nonprofit operating as the first U.S. national green bank, deploying $5.1B in EPA grant capital plus private co-investment into clean energy, water, and resilient infrastructure projects through a network of 39 state and local partner organizations.

Ownership category

akta.pro rank

Product category

Green Banking

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Climate Finance Funds & Green Investment Facilities (BPADACAH)

akta.pro secondary industries

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC), Infrastructure & Project Finance Development Banks (FSABAKAD)

Keywords

• Green bank financing
• Clean energy lending
• Structured credit financing
• Sustainable infrastructure investment
• Climate finance solutions

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Returns and Capital Recycling: CGC deploys capital through structured credit investments in clean energy, water, and resilient infrastructure projects. Returns from loan repayments are recycled into new investments, creating a self-sustaining revolving fund model. CGC primarily provides structured debt financing with typical tenors of 3-8 years.
2. Federal Grant Funding (EPA Greenhouse Gas Reduction Fund): CGC received $5 billion from the National Clean Investment Fund program and $125 million from Solar for All to capitalize a national green bank and build a nationwide network of lenders. These are grant awards, not revenue-generating contracts.
3. Philanthropic Grants for Program Development: CGC receives grants such as $1.3 million from Robert Wood Johnson Foundation for equitable clean water infrastructure programs, working with PRE Collective and Quantified Ventures.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

CGC is a nonprofit national green bank that deploys structured credit financing (debt and preferred equity, typically 3-8 year tenors) into clean energy, water, and resilient infrastructure projects in the United States. It pairs capital deployment with an "Investment Plus" model of market development, origination support, and technical assistance, channeling capital through a network of nearly 40 state and local green banks, CDFIs, and community lenders. CGC also administers federal programs including the $5 billion NCIF, $125 million Solar for All, and the Municipal Investment Fund for local governments.

Product overview

The Coalition for Green Capital (CGC) operates as a national green bank and nonprofit investment firm offering a unified platform of financing and market development services. The core offering is the National Green Bank, which received $5 billion from the EPA's Greenhouse Gas Reduction Fund, combined with the Investment Plus Model that pairs capital deployment with hands-on market development. Key products include the National Clean Investment Fund (NCIF) Program ($5 billion), Solar for All Program ($125 million), Municipal Investment Fund (MIF) for local government technical support, and the GreenieRE reinsurance platform ($200 million) designed to remove insurance market obstacles. CGC deploys structured credit financing across sectors including power generation and storage, affordability solutions, critical minerals, and clean water infrastructure through a nationwide network of nearly 40 partner green banks and community lenders.

Differentiator

Problem solved

Functional benefit

Products and services

• National Green Bank The first U.S. national green bank, mobilizing capital to finance clean energy, water, and resilient infrastructure projects nationwide through public-private partnerships. Bridges financing gaps to accelerate deployment of affordable clean energy.
• National Clean Investment Fund (NCIF) Program A $5 billion federal grant program capitalizing the national green bank and coordinating public-private clean energy investment nationwide, enabling CGC to invest alongside significant private-sector co-investment.
• Solar for All Program A $125 million program establishing green banks in North Dakota and South Dakota to expand access to affordable solar in low-income and disadvantaged communities.
• Municipal Investment Fund (MIF) A program in partnership with ICLEI USA providing market-building and technical support to local governments, Tribes, and nonprofit partners to develop commercially financeable pipelines of clean energy projects. CGC has invested over $12 million to support 48 communities across 46 states, with 50 selected communities by 2027 receiving up to $2 million in pre-development grants.
• GreenieRE Investment Platform A $200 million investment in an impact-focused reinsurance company designed to remove financing obstacles in the insurance market by providing tailored insurance solutions that address gaps and de-risk investment in qualified clean energy projects. At least 50% of insured value targets neglected markets.
• Investment Plus Model CGC's dual approach combining clean energy and infrastructure investment with project and market development. The model deploys capital where private markets are not yet active while enabling conditions for capital to flow through market development activities, origination support, and technical assistance.
• Structured Credit Financing CGC's primary financing instrument across the capital stack, including preferred equity with debt-like features. Typical tenors are three to eight years, including mini-perm structures for longer-dated assets, structured on market-based terms with fixed or floating rates.
• Power Generation and Storage Investments Investments in battery energy storage systems (BESS), geothermal, hydro, nuclear, microgrids, C&I solar, community solar, residential, utility-scale solar, and wind projects.
• Affordability and Transportation Solutions Financing Financing for residential and commercial energy efficiency improvements, energy-as-a-service, energy management and control systems, EV charging, EV fleets, and EV buses and trucks.
• Critical Minerals Investment Investments in extraction and mining, refining and processing, intermediate component production, end-use production, and reuse and recycling of critical minerals for clean energy supply chains.
• Equitable Clean Water Infrastructure Program A program providing grants and technical assistance to green banks to build pipelines of equitable clean water infrastructure projects, including clean drinking water, stormwater management, and flooding solutions in disadvantaged communities.

Quantifiable outcome

• Over $25 billion mobilized in public-private capital toward clean energy projects since 2011
• +5 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core, regional and minor.

• ICLEI USA (Local Governments for Sustainability USA)coreStrategic or Co-development Partner · 15 July 2025CGC and ICLEI USA jointly launched the Municipal Investment Fund (MIF) to provide market-building and technical support to local governments, Tribes, and nonprofit partners. The partnership announced $12.5 million in awards to 50 U.S. communities to develop community-based clean energy plans. ICLEI USA provides technical assistance and leverages its network of 1,200+ member jurisdictions.
• Banyan InfrastructurecoreTechnology or Integration · 4 June 2025Partnership announced at Alaska Energy Conference to accelerate lending, enhance transparency, and standardize financial data collection for CGC's national network. Banyan provides a digital platform and advisory services to streamline management of deal pipelines, originations, portfolio management reporting, and regulatory compliance. The partnership will help CGC deliver clear, accurate data on deployment of federal funding and create auditable, transparent reporting across the clean lending ecosystem.
• Spruce RootregionalStrategic or Co-development Partner · 4 June 2025Spruce Root is a nonprofit CDFI serving southeastern Alaska that is part of CGC's network partner ecosystem. CGC cited Spruce Root as an example of how investments in network partners are multiplied many times with private capital to address Alaska's energy crisis.
• PRE CollectivecoreStrategic or Co-development Partner · 10 May 2024PRE Collective is a core group of public-service minded infrastructure and project development experts helping communities make the most of transformational infrastructure opportunities. They partner with CGC and Quantified Ventures to design multi-benefit, community-centered infrastructure projects.
• Quantified VenturescoreStrategic or Co-development Partner · 10 May 2024Quantified Ventures is a certified B Corp and nationally recognized leader in implementing innovative funding and financing strategies for climate, environmental, and health projects. Partnered with CGC and PRE Collective on equitable water infrastructure financing programs.
• Energetic CapitalminorStrategic or Co-development PartnerEnergetic Capital partnered with kWh Analytics and InnSure to found GreenieRE, with foundational support from CGC. GreenieRE is a nonprofit with a wholly-owned licensed industry association captive domiciled in Vermont.
• kWh AnalyticsminorStrategic or Co-development PartnerPartnered with Energetic Capital and InnSure to found GreenieRE with foundational support from CGC.
• InnSureminorStrategic or Co-development PartnerInsurance-focused nonprofit partnered with Energetic Capital and kWh Analytics to found GreenieRE with foundational support from CGC.

Scale indicators10 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Climate United Coalition: Climate United is the other major NCIF awardee under EPA's GGRF, receiving $7 billion to finance clean energy projects. It is the most directly comparable entity to CGC, operating with the same federal mandate and competing for the same project pipeline.
• Power Forward Communities: Power Forward Communities received $2 billion under the GGRF NCIF program, making it the third NCIF awardee alongside CGC and Climate United. It operates a similar national green financing mandate with a focus on under-resourced communities.
• Connecticut Green Bank: Connecticut Green Bank is the oldest U.S. state green bank and a founding member of CGC's American Green Bank Consortium. It pioneered the green bank model in the U.S. and is directly comparable as a sub-national green finance institution.
• DC Green Bank: DC Green Bank is a sub-national green bank and CGC network partner that finances clean energy and water projects in the District of Columbia. It shares CGC's nonprofit structure, capital recycling model, and focus on disadvantaged communities.
• New York Green Bank: New York Green Bank is a state-sponsored green finance institution chaired previously by CGC's incoming CEO Richard Kauffman. It operates a similar structured credit and co-investment model targeting clean energy in New York State.
• Hawaii Green Infrastructure Authority: Hawaii Green Infrastructure Authority is a state green bank and CGC network partner. It serves as a directly comparable sub-national green finance institution focused on clean energy and water infrastructure.

Emerging players

• Calvert Impact Capital: Calvert Impact Capital is a nonprofit impact investing institution that pools capital to finance climate, community, and economic inclusion projects. It is comparable as a mission-driven capital intermediary with overlapping climate finance and community development focus.
• The Reinvestment Fund: The Reinvestment Fund is a CDFI that finances housing, clean energy, and community development projects. It is comparable as a mission-driven capital provider with overlap in clean energy finance and serving disadvantaged communities.
• Elemental Excelerator: Elemental Excelerator is a nonprofit climate innovation funder that deploys capital and technical assistance to climate infrastructure projects. It is comparable as a mission-driven climate finance intermediary with similar market-development orientation.

Regional players

• GreenBank (Green Investment Group): GreenBank is an Australian green investment bank referenced in CGC's own thought leadership as an established international peer. It is comparable as a national-level green finance institution with a longer operational track record in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/cgreencapital
• Facebookfacebook.com/coalitionforgreencapital
• LinkedInlinkedin.com/company/coalition-for-green-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coalition for Green Capital