Senate Bill 689 Summary

• Establishes the Missouri Clean Energy Technology Center as a public instrumentality placed in the Department of Natural Resources to promote clean energy research, development, and job creation in the state.

• Creates a 13-member board of directors including state agency heads, university representatives, and governor-appointed members with expertise in clean energy, venture capital, and education.

• Authorizes the center to make loans, grants, and investments; enter into contracts; acquire property; and issue bonds to support clean energy projects and research including solar, wind, geothermal, biofuels, fuel cells, and energy efficiency technologies.

• Establishes the Missouri Alternative and Clean Energy Investment Trust Fund with up to $2 million in annual legislative appropriations to support qualified clean energy investments, workforce training, and research facilities.

• Creates programs including a clean energy seed grant program, green jobs initiative for workforce development, pathways out of poverty initiative for low-income communities, and optional Missouri Hydrogen and Fuel Cell Institute.