FREE and the SEU Initiative
FREE was created in 2011 to assist communities in creating their own Sustainable Energy Utilities in the U.S. and abroad. Through its Advisory Service, FREE is currently working with communities in California, Philadelphia, Maryland, South Korea and China to help them establish innovative SEU-style public/private partnerships that deliver large-scale renewable energy and conservation services. FREE has been encouraged by the recent attention the SEU has received including endorsement by the Asian Development Bank (ADB), which recommended the SEU model at its 2011 Communiqué.
A key component of the SEU is the Sustainable Energy Bond Program that generates tax-exempt sustainable energy infrastructure financing. It provides immediate measurable results in the form of significant job creation, much lower energy costs for the public and non-profit sectors, and reduced carbon footprints.