Clean Energy Trust Sole Source FY19

This is a sole source contract opportunity posted by the Illinois Environmental Protection Agency (Illinois EPA) for the management of the Clean Energy Innovation Fund by the Clean Energy Trust (CET). The Illinois EPA requires CET to continue managing this fund, as stipulated by a Federal grant agreement between the U.S. Department of Energy and the Illinois EPA. CET will use a restricted revolving funding model to identify and invest in early-stage clean energy businesses, and will manage the fund to provide financial assistance to select, high-growth companies. The contract term is from January 1, 2019 to December 31, 2019, with no renewal options. No new funding will be provided for this contract, as the project is already fully funded by the U.S. Department of Energy grant. The Illinois EPA justifies the sole source award by stating that CET was granted the federal funds used to create the Clean Energy Innovation Fund, and is the only organization that can provide the required management of this fund.

This sole source contract is limited to CET, as they were granted the federal funds used to create the Clean Energy Innovation Fund and are the only organization capable of managing this fund as required by the U.S. Department of Energy grant agreement. There will be no exchange of money between the Illinois EPA and CET for this contract. The total award value is not specified, as this is an existing, fully-funded grant program.