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Iowa Office of Energy Independence. Energy Independence Economic Prosperity. Iowa’s Energy Economics. $5.25 billion, or 37% of Iowa’s energy expenditures, accumulated to economies of other states or countries. - PowerPoint PPT Presentation
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Iowa Office of Energy Independence
Energy Independence
Economic Prosperity
Iowa’s Energy Economics
$5.25 billion, or 37% of Iowa’s 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.
Economic & Energy Independence
There are 3 ways to keep or make more money for Iowa Increase Iowa’s use of in-
state energy resources Increase Iowa’s export of
renewable energy Increase Iowa’s overall
energy efficiency
Wind in Iowa is big business
Iowa Wind Industry Today
SIEMENS
S5 Sector Five
Technologies
… plus more than 200 existing Iowa manufacturers in the supply chain
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
Iowa Power Fund: The Vision
Do what we do well
Create an irreversible momentum in energy
Create permanent Iowa jobs
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.
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.
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
There Is More To Know About Wind Turbine Blades
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
Today Iowa agribusiness feeds, fuels and secures our society
POET: Project LIBERTY
Project LIBERTY in Emmetsburg, Iowa will be one of the world’s 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
Algae can be an affordable biofuels feedstock
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.
Energy Leadership Starts in Communities
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
Iowa’s Energy Independence Plan
2007 2025
2007Creation of the
Iowa Power Fund2007 - 2025
Achieve Key Goals for Iowa
Optimize Energy Use
•30% increase in energy efficiency
•10% decrease in vehicle miles
traveled
Fully Develop Iowa’s
Renewable Energy
Potential•10,000 MW of wind
Installed in Iowa
Maximize the Development & Use of
Biofuels
•Increase Iowan’s use of biofuels to 50%
•Meet future low carbon fuel standards
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
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
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
Iowa’s Work on Transmission Issues Governor’s Wind Energy Coalition (GWEC)
26 states represented Upper Midwest Transmission Development
Initiative (UMTDI) Governor’s level initiative in 5 states
Eastern Interconnect States Planning Council (EISPC) 39 states plus the District of Columbia & City of
New Orleans
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 Energy’s 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
UMTDI
Two working groups: Cost allocation Transmission
Seeking a regional solution to transmission Report recently issued
Proposes cost allocation strategy
Working in coordination with MISO’s Regional Generation Outlet Study (RGOS) to best determine wind resources to build to; similar to CREZ in Texas
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
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
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
How We Will Know When We’ve 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