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Iowa Office of Energy Independence Energy Independence Economic Prosperity.

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Presentation on theme: "Iowa Office of Energy Independence Energy Independence Economic Prosperity."— Presentation transcript:

1 Iowa Office of Energy Independence Energy Independence Economic Prosperity

2 Iowas Energy Economics $5.25 billion, or 37% of Iowas energy expenditures, accumulated to economies of other states or countries. The money Iowans spent on renewable energy including wind, hydropower and ethanol, amounted to a total of $427.6 million. Using Iowa-based energy resources kept $133.5 million circulating in the state economy that would have gone elsewhere if it had been used to purchase fossil energy.

3 Economic & Energy Independence There are 3 ways to keep or make more money for Iowa Increase Iowas use of in- state energy resources Increase Iowas export of renewable energy Increase Iowas overall energy efficiency

4 Wind in Iowa is big business

5 Iowa Wind Industry Today SIEMENS S5 Sector Five Technologies … plus more than 200 existing Iowa manufacturers in the supply chain

6 Policy As A Pump Primer Today Iowa is currently #1 in the country in wind generation output as a percentage of all electricity generation in the state 17-20% of all electricity generated in Iowa is from wind Current installed wind capacity of 3,670 MW Why? Advanced ratemaking principles are available for wind projects Federal and State Tax Credits Transmission infrastructure and location near load centers Excellent location and high capacity factor Experience with RPS Iowa Power Fund

7 Iowa Power Fund: The Vision Do what we do well Create an irreversible momentum in energy Create permanent Iowa jobs

8 Iowa Power Fund: The Facts Created in 2007 $100 Million Fund Focused on: Research & Development Early Stage Commercialization Education To date, the Iowa Power Fund has allocated $40.5 million for 32 projects in Iowa. These projects have leveraged more than $271 million in additional funds.

9 Power Fund: The Facts The Iowa Power Fund was also tapped to assist with flood recovery, allocating $7.5 million to help homeowners and businesses to rebuild with energy efficient equipment and materials. Beginning in 2010, 4%, or more than $800,000 per year, of the Iowa Power Fund appropriation was earmarked to fund competitive projects for community energy efficiency and renewable energy investments. The Iowa Power Fund provides approximately $2.5 million annually to community colleges for energy- related curriculum delivery and development.

10 Power Fund Wind Projects Research & Development Iowa Alliance for Wind Innovation & Novel Development (IAWIND) Iowa Stored Energy Park Carbon-Free Energy Commercialization TPI Composites Acciona Windpower North America

11 There Is More To Know About Wind Turbine Blades

12 TPI: Advanced Wind Blade Manufacturing This project is working to foster the more efficient mass production of wind turbines in Iowa By improving labor productivity in wind manufacturing up to 35%, this project will increase manufacturing throughput This will result in more employment opportunities in Iowa, along with better- paying and technically-challenging employment possibilities

13 Today Iowa agribusiness feeds, fuels and secures our society

14 POET: Project LIBERTY Project LIBERTY in Emmetsburg, Iowa will be one of the worlds first commercial scale cellulosic bio-refineries Convert corn cobs to ethanol through enzymatic hydrolysis Corn cobs are easy to harvest, have limited environmental impact and have high carbohydrate content that makes more ethanol Will help to meet the vision of producing 36 billion gallons of ethanol a year

15 Algae can be an affordable biofuels feedstock

16 Green Plains Renewable Energy & Bioprocess Algae This project is using breakthrough technology for the mass production of algae as a fuel feedstock The inputs for the mass production of algae are the waste products from an ethanol plant: carbon dioxide and waste water. With this level of production, a 50 million gallon a year ethanol plant would produce enough oil for 5.8 million gallons of biodiesel annually.

17 Energy Leadership Starts in Communities

18 Dubuque: Model for Energy Efficiency and Economic Growth The City of Dubuque is creating an Integrated Sustainability Service model for measurement and monitoring of its energy and water systems, infrastructure components, and transportation networks with assistance from IBM This system will allow City management and electric utility customers to track: energy use on a near real-time basis, and the impact information about usage on actual use patterns This will help the City and its citizens understand electric consumption and the sustainability footprint of the community, as well as provide cross-analytics for all related areas of energy consumption within the community

19 Iowas Energy Independence Plan Optimize Energy Use 30% increase in energy efficiency 10% decrease in vehicle miles traveled Fully Develop Iowas Renewable Energy Potential 10,000 MW of wind Installed in Iowa Maximize the Development & Use of Biofuels Increase Iowans use of biofuels to 50% Meet future low carbon fuel standards

20 National Plan Goals: DOE 20% Wind by 2030 What the report means for Iowa: 10 + GW build out Currently at: 3,670 MW Balance needed: 6,330 MW 1-2GW can come only with nominal investment in Transmission Solution: Interconnect wide EHV Overlay

21 Barriers Transmission limitations are the greatest obstacle to realizing the economic, environmental, and energy security benefits available from wind (U.S. DOE). Lack of transmission capacity across that nation is holding up economic development Over 300,000 MW of wind projects across the U.S. are on hold Concerns of adequate transmission nationwide are shared by solar, geothermal, and hydropower industries. 56% of major transmission lines in Iowa are over 35 years old

22 Transmission Upgrades One version of interstate backbone system is estimated at $60B spread over 10-20 years Transmission accounts for 10% of total electrical delivery costs An updated national transmission grid will provide: Thousands of good jobs, plus many more indirect Reduced carbon emissions

23 Iowas Work on Transmission Issues Governors Wind Energy Coalition (GWEC) 26 states represented Upper Midwest Transmission Development Initiative (UMTDI) Governors level initiative in 5 states Eastern Interconnect States Planning Council (EISPC) 39 states plus the District of Columbia & City of New Orleans

24 GWEC Recommendations Adopt a renewable electricity standard Develop new interstate electric transmission system infrastructure for renewable energy resources both on-shore and offshore Support coastal, deep water, and offshore wind energy technology and transmission research and development Streamline permitting processes for both offshore and on-shore wind energy development projects Expand the U.S. Department of Energys work with the states and the wind industry to accelerate innovation Extend the treasury department grant program in lieu of the investment tax credit, and adopt a long-term renewable energy production tax credit with provisions to broaden the pool of eligible investors

25 UMTDI Two working groups: Cost allocation Transmission Seeking a regional solution to transmission Report recently issued Proposes cost allocation strategy Working in coordination with MISOs Regional Generation Outlet Study (RGOS) to best determine wind resources to build to; similar to CREZ in Texas

26 Eastern Interconnection States' Planning Council (EISPC) Goal to develop plans for eastern interconnect-wide transmission system for renewables access Two representatives from each state State Energy Office (Roya Stanley) Utilities Board (Rob Bernsten) Received $14 million for planning from DOE

27 Publishes Annual Interconnection Analysis Regional/state compliant plans provided as input Study gaps relative to national, regional and state policy Regional Plans and Projects Annual interconnection analysis States Regional Policy recommendations State energy policies Rate Policies Eastern Interconnection Planning Collaborative Rolls-up regional plans Coordinates with Canada, Western Interconnect and ERCOT Receives stakeholder input and holds public meetings Performs studies of various transmission alternatives against national, regional and state energy/economic/environmental objectives Identifies gaps for further study DOE/FERC ISO / RTOs & Order 890 Entities Produce Regional Plan through regional stakeholder process, including state regulatory authorities Provides policy direction, assumptions & criteria Review/direction Order adjustments States Policy recommendations State energy plans FERC

28 EISPC Deliverables Conduct studies on key issues and prepare whitepapers on energy efficiency, renewables, nuclear siting, coal potential, energy storage, prices, and more Identify potential locations of low or no carbon generation Provide insight into economic and environmental implications Attempt to achieve consensus on modeling inputs and future scenarios

29 How We Will Know When Weve Completed Our Mission We want to live in a healthy place where our families and friends have rewarding careers, comfortable places to live, clean air and water, and abundant opportunities for the future. – Roya Stanley, Director Iowa Office of Energy Independence

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