VERMONT ENERGY INVESTMENT CORPORATION

Efficiency smart helps participating municipal electric utilities and their customers reduce their energy use and save money through technical assistance and financial incentives. Since 2011, efficiency smart has served more than 65 of american municipal power's member utilities in four states. In 2024, efficiency smart assisted an estimated 1,332 residential households and 178 businesses. These customers will realize more than $19.5 million in savings over the lifetime of the products they installed. In addition, participating municipal electric utilities will save nearly $11.5 million in energy, capacity, and transmission costs.

Veic provides national and international consulting services to utilities, businesses, government agencies, municipalities, and foundations. We work with our clients to decarbonize their energy systems through our four core services: energy efficiency, building decarbonization, transportation electrification, and making electricity grids clean and flexible. We help our clients save energy, reduce greenhouse gas emissions, and advance social and economic equity. In 2024, 59% of veic's org-wide consulting work had an explicit focus on low-to-moderate-income communities. In 2024, veic expended $9,383,100 in federal grants funded by the coronavirus state and local fiscal recovery funds.veic had a net loss for 2024 and had budgeted for this net loss in order to support making investments to support future year revenue growth. This was in line with veic's strategic plan to increase impact and delivery of its mission over the next several years.