News About NextGen

In 1995, the University of Maryland (UMD) faced a difficult situation: it needed to find more than $50 million to correct an aging steam generation and electric distribution system. The university’s only option for financing was issuance of debt by the University System, Maryland Economic Development Corporation (MEDCO), or another state entity. The capital funds request was denied by the Maryland Department of Budget and Management (DBM) and the university was encouraged to explore alternative options, such as a Public-Private Partnership (P3).

FOR IMMEDIATE RELEASE: November 3, 2020Contact Information:  Office of Strategic Communications / mediainfo@umd.edu UMD ANNOUNCES NEXTGEN ENERGY PROGRAM PRIVATE SECTOR PARTNER SHORT LISTCOLLEGE PARK, Md. – The University of Maryland today announced a short list of potential partners for the NextGen Energy Program. This announcement follows a recent Request for Qualifications (RFQ) to design, engineer, finance, install and maintain the university’s energy system.