Driving energy and water savings
The Green Revolving Fund (GRF) provides funding for efficiency projects across campus that support energy and water use reduction and climate action goals. It is a revolving fund in that a portion of the savings generated from each funded project are put back into the fund in order for it to sustain, grow, and fund additional projects over time.
In 2013 PSU's GRF was created with $500,000 "seed" from the State of Oregon for capital improvements. Since then, the fund has grown to over $1.5 million with these inputs:
- savings from the University utility budget,
- energy incentive rebates from the Energy Trust of Oregon,
- and voluntary travel offset program funds.
To date, the GRF has supported over 15 projects and resulted in an anticipated energy savings of over $250,000 annually.
With the GRF, PSU is part of the Billion Dollar Green Challenge, which encourages colleges, universities, and other nonprofit institutions to invest a combined total of one billion dollars in self-managed revolving funds that finance energy efficiency improvements.