California

Building Decarbonization Report

This law mandates that the State Energy Resources Conservation and Development Commission (Energy Commission) identify, before December 31, 2023, all available state and federal financing or investment solutions pertaining to the decarbonization of buildings through renewable electrification. The Commission is tasked with consulting with stakeholders

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Biomethane Promotion Policies and Program

This law extends policies and programs currently implemented by California’s Public Utilities Commission to facilitate the development of biomethane through December 31, 2026. It increases the maximum incentive for biomethane projects from $1.5 million to $3 million, and to $5 million for dairy cluster biomethane

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Geothermal Grant and Loan Program

The Geothermal Grant and Loan Program funds various geothermal resource developments in California using the state’s Geothermal Resources Development Account. 30% of these funds are available for the California Energy Commission to promote and maintain its geothermal energy resources, including through various loans and grants

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Climate Catalyst Revolving Loan Fund

This $1 billion fund is dedicated to jumpstarting critical climate solutions and bridging financing gaps to help advanced technologies more quickly reach scale. It is open to public and private sector applicants and seeks to use a range of instruments to help finance innovative climate

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Electric Program Investment Charge (EPIC)

The Electric Program Investment Charge (EPIC) was established in 2011 and augmented in 2022 with an additional $1 billion in funding to last through 2030. The program expedites the development and demonstration of technologies that increase resilience and decarbonize California’s electric grid and energy use.

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Climate Innovation Program

This program, added to California’s 2022-2023 budget, offers a total of $525 million to fund technological advancements that will help meet GHG reduction goals and increase climate resilience. “Clean energy generation and storage” is referenced in a non-exhaustive list of example technologies, and there is

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