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GlobalFoundries Asks to Leave Green Mountain Power to Form Its Own Utility

GlobalFoundries, the Essex Junction-based semiconductor manufacturer, paid a whopping $36 million power bill last year. "We are an energy hog," acknowledges Greg Rieder, a top.

Grid Block: Vermont s Aging Transmission Network Can t Keep Pace With Green Power Projects | Environment | Seven Days

Rob Donnelly John Ovitt has a sticky problem. The Franklin Foods cream cheese plant he runs in Enosburg Falls makes more wastewater than the tiny village treatment plant can handle. Eric Fitch has an innovative solution. The founder and CEO of New Hampshire-based renewable power company PurposeEnergy could transform that foul cheese water into a valued commodity: renewable electricity. Their partnership seemed like a perfect match until the state s energy regulators recently raised an inconvenient truth: The power grid in the northern third of Vermont already has more renewable energy than it can handle. Big wind and solar projects developed in recent years in rural parts of the region generate far more power than businesses and residents there consume. The surplus electricity is exported to more densely populated parts of the state over older transmission lines tha

Popular rebates for GMP customers extended into 2021

Related Company:  Popular Rebates for Heat Pumps Will Continue, Plus New Savings on More Products in New Year Vermont Business Magazine Green Mountain Power (GMP) announced today that popular rebates that help customers save money and reduce carbon emissions by switching to electric vehicles, heat pumps and more will continue into 2021. The rebates were set to expire on December 31, 2020. The company also announced that for the first time, GMP will offer new rebates on yard and garden equipment and electric transportation like motorcycles. “We are so excited to deliver more ways for customers to save money while helping Vermont businesses at the same time. Our rebates empower customers to reduce their own costs as they transition to cleaner energy use while also helping all other GMP customers save money, too,” said Josh Castonguay, Vice President of Innovation at GMP. “Transportation and heating are the two biggest causes of carbon pollution in Vermont, so switching to cl

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