Iowa has become a world leader in renewable energy, and we’re continuing our efforts to maintain our position.
In 2007, the Legislature created a $100 million Iowa Power Fund to provide financial assistance for business, research and programs that will create good jobs, help our local communities compete and thrive in today’s economy, and set our state on the road to energy independence.
Over the past few years, the Power Fund has accelerated research and development, technology innovation and the economic competitiveness of new energy projects, including right here in central Iowa.
- AmeriCorps Green Corps Program: $450,000 for energy efficient rebuilding of areas of Iowa that were affected with natural disasters in the summer of 2008.
- Hybrid Power Centers: $325,000 to develop a hybrid power plant that would combust both coal and biomass in a single integrated system.
- Iowa Environmental Council: $20,000 to for presentations on renewable energy and energy efficiency technology solutions and how they impact the environment and the economy. The Iowa Power Fund is a valuable initiative that is:
- Helping local businesses expand renewable energy, alternative fuel and clean energy technologies.
- Increasing opportunities for our communities and family farmers as they produce more Iowa-grown energy.
- Attracting investments that will keep Iowa’s energy economy booming.
- Strengthening national security by reducing our dependence on foreign oil.
For more information on the Iowa Power Fund and how it’s ensuring our state’s energy future, visit the Iowa Office of Energy Independence Web site at www.energy.iowa.gov/Power_Fund.
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