ENGIE and Meridiam look to support the University of Iowa in its zero-carbon transition

ENGIE and Meridiam have been awarded a 50-year concession valued at more than $1 billion USD to address the University of Iowa (UI)’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.

Meridiam and ENGIE will be 50/50 partners in a new Special Purpose Vehicle that is locally resourced to deliver the requirements under the Concession Agreement. The team combines the global reference in low-carbon energy and services, ENGIE, with one of the leading long-term sustainable energy transition infrastructure investors, Meridiam. This partnership offers the University global resources, operational knowledge, and best practices needed to deliver crucial services while enabling the University to focus on its core missions in academics and research.

ENGIE will operate, maintain, optimize, and improve the on-campus utility systems for the University. The scope includes providing heating, cooling, and power to the campus through a dedicated network and managing high quality and sanitary water and storm sewer services.

“ENGIE looks forward to supporting the University of Iowa in its zero-carbon transition. Over the next 50 years, we will continually work to improve system efficiency, cost, and performance both operationally and environmentally, leveraging the power of our global experience and focus on innovation to make the University of Iowa a showcase in next-generation energy management and sustainability,” said Isabelle Kocher, CEO of ENGIE.

To read the full release: www.engie.com/en/journalists/press-releases/meridiam-awarded-50-year-uti...