Green Revolving Funds Can Help Fund Costs of Cloud Computing and R&E Networking

There have been some interesting new developments in university Green Revolving Funds (GRF) that I believe could be a significant revenue opportunity for cloud suppliers and R&E networks. In this age of severe financial constraints and cutbacks for universities, new revenue models are needed to sustain advanced cyber-infrastructure in support of research and education.

In recent years, GRFs have become increasingly popular on campuses in the United States and Canada. The funds operate and are managed by the university, with loans issued to university departments or campus groups. As of February 2011, there were 52 active green revolving funds in the United States and Canada. These funds were traditionally earmarked for energy efficiency applications like changing light bulbs or boilers. But increasingly they are now being used for IT applications.

Most green initiatives involve ICT in some form or another. A good example is Iowa State University that borrowed $