BOARD ACTION: Iowa Energy Center Reviews Grant and Loan Status; Approves Sponsorship
For more information contact:
Jacque Matsen, Iowa Economic Development Authority
Iowa Energy Center Board reviews grant and loan project status; approves sponsorship of Iowa Energy Summit
May 22, 2018 (DES MOINES, IA) – Today, the Iowa Economic Development Authority (IEC) board of directors held its third quarterly meeting since transitioning from Iowa State University (ISU) to the Iowa Economic Development Authority (IEDA). The board reviewed the status of existing grant and loan projects, discussed rule-making next steps and approved sponsorship of the upcoming Iowa Energy Summit hosted by the Iowa Association of Energy Efficiency.
Details on the topics discussed at today’s board meeting include:
- The board voted to adjust completion dates for several grant projects focused on topics including wind energy and converting waste to energy, which were awarded when the IEC was under ISU management.
- The board discussed the process and timeline for developing administrative rules for the Center, which will include early opportunity for public engagement and comment.
- The board formed grant and loan subcommittees to oversee development of draft program rules. The grant subcommittee will also review submissions received from 38 entities during a pre-application process. Of the submissions, 26 are from regent universities and proposed projects were centered on biomass, underserved areas and technology R&D.
- The board approved a $5,000 sponsorship for the annual Iowa Energy Summit, which will be held November 7-8 in Altoona. The conference brings together a variety of participants from within and with interest in the energy industry in the state.
“We’re making excellent progress in terms of transitioning the IEC from Iowa State University to IEDA,” said board chair, Tim Whipple. “The Board, though similar in composition, now has authority to fully implement the Iowa Energy Plan and cement Iowa’s energy leadership position.”
The IEC transferred from ISU to IEDA in October 2017 as a result of legislation passed in 2017. The IEC is staffed by the IEDA and overseen by a governor-appointed board composed of representatives from academia, state government and the utilities. The list of current IEC Board members is available here. The two remaining IEC board vacancies will be filled with representatives from ISU and Simpson College, upon official appointment from Governor Reynolds.
Programs and initiatives of the IEC must align with the Iowa Energy Plan. The Iowa Energy Plan, a collaborative effort of state agencies, environmental groups, private industry and public interests, was released in December 2016. The Plan is the vision and path forward for Iowa’s energy future and identifies four foundational pillars that guide the programs and initiatives of the IEC:
- Economic development and energy careers
- Iowa’s energy resources
- Transportation and infrastructure
- Energy efficiency and conservation
Iowa’s Energy Plan is recognized by the U.S. Department of Energy and the National Association of State Energy Officials as a best-practice model. In addition, Iowa has been recognized by Bloomberg for getting more of its energy (40%) from renewable sources than any other state.
IEC board meetings are open to the public, and meeting minutes and agendas are available on the IEC’s webpage. The next IEC board meeting is scheduled for August 14, 2018.