In the 2007, the Legislature created the Iowa Power Fund and the Office of Energy Independence to keep Iowa a world leader in renewable energy production and technology.   The Power Fund Board made its largest award yesterday with a $14.5 million grant to Poet LLC to build a new ethanol plant in Emmetsburg using the next generation of  technology, cellulosic ethanol.

State Representative Nathan Reichert of Muscatine serves on the Iowa Power Fund Board of Directors and said the Poet award is exactly what the Legislature had in mind when they created the Power Fund.