ENGIE and partner win 50-year $1 billion sustainability contract


In the US, the University of Iowa has granted a 50-year and $1 billion contract to a consortium of ENGIE and investment firm Meridiam for energy and water management.

ENGIE and Meridiam will help the university to address energy, water and sustainability goals for two campuses spanning 1,700 acres (6,879 m2) in Iowa City, Iowa. These campuses together form one of the largest university footprints in the US.

ENGIE will operate, maintain, optimise, and improve the on-campus utility systems for the University by providing heating, cooling, and electricity to the campuses through a dedicated network while also managing high quality and sanitary water and storm sewer services.

Related stories:
ENGIE to build a new eco-friendly head office by 2023
ENGIE to connect all its employees to digital applications by 2021

One of the key features of this agreement is to help the University transition to coal-free energy production on campus by 1 January, 2025, if not sooner.

ENGIE and Meridiam will also work with the University to assure:

  1. Multiple services and solutions involving a reduction in energy usage as well as generation sources such as renewable energy, microgrids, energy storage and other innovative technologies preparing the campus for a resilient and sustainable future are explored.
  2. A seamless transition to welcome all current utility system employees.
  3. Students, faculty, and staff have opportunities to benefit from experiential learning and innovation via internships, projects, and research opportunities in energy and other areas, including through an innovative programme to enhance awareness of ways to improve resource use for students and other members of the University community.

“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.

ENGIE has previously won a similar 50-year concession with The Ohio State University and acquisition of critical infrastructure to serve six Harvard-affiliated hospitals in Longwood Medical Area in Boston under a 34-year agreement.