Sole Source Evergreen Climate Innovations Sole Source Illinois Clean Energy Innovation Fund

The Illinois Environmental Protection Agency (Illinois EPA) is seeking to award a sole source contract to Evergreen Climate Innovations for the management of the Illinois Clean Energy Innovation Fund. The fund was established using federal funds from the U.S. Department of Energy, and Evergreen is the only organization that can provide continued management of the fund due to the preexisting relationship and requirements that come with the federal grant. The contract will be for a period of one year, from July 1, 2026, to June 30, 2027, with no potential renewals. The total value of the contract is not to exceed $1,000,000. • The fund will be used to invest in early-stage clean energy businesses in Illinois, with a focus on companies that have the potential for growth and job creation. • Evergreen will use a restricted revolving funding model to manage the fund and will provide quarterly reports to the Illinois EPA on the status of the fund and its investments. • The contract includes provisions for the use of investment proceeds, including the requirement that up to 20% of proceeds may be used to cover future fund management and administrative costs, and up to 10% may be used for capacity-building efforts to support Illinois businesses that have received investment through the fund.