District Energy St. Paul
Summary
A new district energy project in Saint Paul, Minnesota, received an $4.7 million loan from Minnesota’s newly created green bank through the Minnesota Climate Innovation Finance Authority (MnCIFA) — the first loan it has approved since its creation.
The new system will be one of the first aquifer thermal energy storage systems in Minnesota at The Heights — a 112-acre, mixed-use redevelopment project that will bring 1,000 new housing units and 1,000 living wage jobs to Saint Paul. The loan will enable the installation of essential infrastructure for the geothermal district energy system as development moves forward this summer.
The Heights Community Energy will own and operate the geothermal system under the direction of District Energy St. Paul, a long-standing nonprofit utility partner to the City of Saint Paul, and the Saint Paul Port Authority, owner and master developer of The Heights.
Congratulations to the entire team, including our partners at the City of Saint Paul and the Saint Paul Port Authority. Building a low-carbon energy system that lowers utility bills and carbon footprints for future tenants is a big step toward reaching the environmental and justice aspirations set by the community for The Heights redevelopment.
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