Grid Catalyst reposted this
Grateful to so many amazing leaders and partners for giving us the opportunity to share the phenomenal traction gained in the first 14 months of the Minnesota Energy Alley initiative. I was proud to testify on behalf of Grid Catalyst as a guest of House author Representative Larry Kraft, in front of the House Energy Finance and Policy Committee yesterday, alongside Gregg Mast of Clean Energy Economy MN (CEEM) and Navaid Burney of Flow Environmental Systems. We shared these results we've achieved, in partnership with CEEM and the Minnesota Department of Commerce since we launched the initiative last year: ✅ Supported over 20 Minnesota-based businesses in advancing their technologies toward commercialization. ✅ Eight earlier-stage MN startups growing through our PowerNorth Incubator. ✅ Five MN startups have participated in our demonstration program, with pilots funded through MN Energy Alley, alongside six companies attracted from other states. ✅ Projects mobilized across MN with local partners - including the Grand Rapids Public Utilities (working with Enspi.io), Minnesota Power for a battery pilot in Long Prairie, a high-efficiency motor installed at Summit Brewing Company, a data center cooling project in St. Cloud, hosted by Alexandria-based Vaultas in partnership with Rochester-based LiquidCool Solutions, Inc., and Rogers-based Flow Environmental Systems demonstrating their heat pump technology at the Local 455 Steamfitters/Pipefitters training facility. ✅ Return on investment - Since 2024, just over $1 million has been invested in projects through seed grants to startups, which has attracted over $11 million in follow-on funding (federal and private investments). Of that, $9 million was secured by the Minnesota companies in our cohort. Our tremendous thanks to Chair Patty Acomb and Chair Swedzinski, along with other committee members and our bipartisan co-authors for their consideration of our funding renewal request. We know this platform works and can continue building great opportunities for Minnesota's economy. #MinnesotaEnergyAlley #energy #innovation #goodforbusiness #goodforMinnesota