In an announcement given on Monday June 22, 2009, U.S. Energy Secretary Steven Chu state Iowa will receive $16 million for energy efficiency and renewable energy projects, an amount that likely will grow to $40 million as the state ramps up its efforts.

According to the anouncement, officials will monitor the initial state spending before allocating the rest of the money, but that the funding — part of the federal stimulus package — needs to be spent quickly. Chu said Iowa is among the first states to receive the energy money. He planned to travel to Michigan later Monday to make a similar announcement.   Read Article.