ENGIE and Meridiam to Serve the University of Iowa Through a 50-year Utility Management Concession

By District Energy posted 12-12-2019 12:26

  

ENGIE PRESS RELEASE

Summary

Meridiam and ENGIE North America have been awarded a 50-year concession valued at more than $1 billion USD to address the University of Iowa’s energy, water, and sustainability goals for two campuses spanning 1,700 acres in Iowa City, Iowa. These campuses together form one of the largest university footprints in the United States.

Founded in 1847, the University of Iowa is the state’s oldest institution of higher education1, enrolling a diverse population of students of varying educational and demographic backgrounds on its campuses. It is one of the nation's premier public universities with top-tier programs in the health sciences, special distinction in the arts, and the #1 Creative Writing Program in the U.S. (40+ Pulitzer Prize-winning faculty and alumni).

“The University of Iowa is pleased to partner with ENGIE and Meridiam over the next 50 years in order to deliver on the UI’s strategic plan, which is focused on the success of students; research and discovery; diversity, equity, and inclusion; and engagement,” says UI President Bruce Harreld. “With ENGIE and Meridiam, the university has found partners who share our values of investing in our people, improving sustainability, and transitioning toward a zero-carbon footprint.”

Meridiam and ENGIE will be 50/50 partners in an organization that is locally resourced and will concretely contribute to the United Nations Sustainable Development Goals2 and allow the University to meet its energy transition objectives.

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