This bill appropriates $2,570,000 from the renewable development account for fiscal year 2026 to support the construction of an aquifer-based geothermal energy system at Macalester College in St. Paul. The funding is designated for a grant to the college to develop a system that will provide space heating and cooling for a new residence hall and welcome center, with the potential for future expansion to serve as a district heating and cooling plant for additional campus buildings.

Additionally, the bill defines "aquifer-based geothermal energy system" as a system that includes wells accessing underground aquifers, heat pumps for transferring thermal energy, heat exchangers, and the necessary distribution infrastructure. This appropriation is available until the funds are fully expended, ensuring that the project can proceed without financial constraints.