BISMARCK — The application deadline is set for the first round of funding from a new North Dakota program established by the Legislature aimed at fostering low-emissions energy projects in the state.
North Dakota's Clean Sustainable Energy Authority will accept grant and loan applications through Nov. 1, following an approval of its timeline by the North Dakota Industrial Commission on Monday, Sept. 27. The three-member Industrial Commission regulates business in the state and is chaired by Gov. Doug Burgum.
Since establishing the Clean Sustainable Energy Authority in the 2021 legislative session, lawmakers have tasked the group with financing "shovel-ready, low-emissions energy projects." The group has $25 million available for grants and loans, along with a separate $250 million pot marked for low-interest loans. Funding parameters were also established Monday. Grants may range between $1 million and $10 million, while loans will require a $10 million minimum alongside matching funding.
The Clean Sustainable Energy Authority's timeline comes as state leaders also approved the board's first director, former state commerce commissioner Al Anderson. A Mandan native, Anderson spent over 30 years working in energy, most recently as president of operations, strategy and development for the oil refining company Tesoro Corporation. He also worked as manager for the Mandan oil refinery, formerly owned by Tesoro.
The Industrial Commission has the final word on which projects get funding and could doll out the first grants and loans before the end of this year.
The Clean Sustainable Energy Authority is chaired by Lt. Gov. Brent Sanford and consists of eight voting members and eight technical advisors.