Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • #CryptoCorner | Meghna Bal, Director of Esya Centre tells Manisha Gupta Due to higher taxes in India, a large percentage of crypto trade has shifted offshore @CoinDCX #CNBCTV18Market #cryptocurrency – LinkedIn
  • From Early Adoption To Domain Mastery
  • Muthoot Finance Q2 Results: Earnings beat estimates with highest ever gold loan AUM
  • Scotland a ‘safe bet’ for investors, Holyrood’s Finance Secretary insists
  • Princess Eugenie-linked art gallery is charged with breaching Russian sanctions ‘after supplying luxury goods to Moscow-based collector’
  • EU finance ministers wrestle with €140bn Ukraine loan as other options fizzle
  • “No art investing experience? No problem.” Masterworks announced that average investors can buy $20 shares in individual paintings often only owned by the rich. Zachary Small, a New York Times reporter covering the art world, explains why some experts s – facebook.com
  • MNCs unveil major strategies and increased investments in China
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Investments»New Data Shows Investments to Build California’s’ Clean Energy Grid of the Future are Paying Off
Investments

New Data Shows Investments to Build California’s’ Clean Energy Grid of the Future are Paying Off

May 9, 20243 Mins Read


For Immediate Release: May 9, 2024

As California invests billions in energy infrastructure, the clean energy supply continues to increase as the state progresses toward the goal of 100 percent zero-carbon electricity sales by 2045. 

Logos for the California Energy Commission and the California Public Utilities Commission.

SACRAMENTO — Non-fossil-fuel sources now make up 61 percent of retail electricity sales in California thanks to historic investment that has led to an extraordinary pace of development in new clean energy generation, according to the latest data compiled by the California Energy Commission (CEC). Sources eligible under the Renewables Portfolio Standard such as solar and wind make up 39 percent of the state power mix, an increase of 2 percent compared to the previous year, while large hydro and nuclear made up a combined 22 percent. 

“Nearly every week, new clean energy projects are being added to the grid, moving us closer and closer to our goal of a clean, affordable and reliable energy system in California,” said CEC Chair David Hochschild. 

Chart showing California's progress towards 100% clean electricity by 2045.

Ahead of National Infrastructure Week, the CEC and California Public Utilities Commission (CPUC) are highlighting the state’s progress to build the clean energy grid of the future.

  • Since 2020, new energy projects statewide have brought more than 16,000 MW of new energy resources online, mostly solar and battery storage.
  • Last month, Governor Gavin Newsom celebrated the state’s build-out of storage resources, which now exceeds 10,000 MW.
  • To maintain progress, the CPUC has ordered 18,800 MW of new clean resources to come online by 2028.

“I want to congratulate the many agencies, groups and organizations whose work has led to the success of California’s clean energy efforts,” said CEC Vice Chair Siva Gunda. “Your tireless work is helping us march forward to toward a more sustainable future.”

WHY IT MATTERS: California is in the middle of the biggest transformation of its power grid in a century. The continued rise in renewables and decline in fossil fuel use comes as the state experiences an unprecedented barrage of climate impacts, from heat waves to drought and wildfires.

WHERE DOLLARS ARE GOING: One way the CEC has invested infrastructure dollars recently is to develop advancements in storage of clean energy.

Ramping up energy storage is a key part of Governor Gavin Newsom’s energy roadmap, because it helps maintain a clean and reliable power grid – storing energy from renewable sources like solar during the day to use when solar drops off in the evening hours. 

Most of the battery energy storage systems online today can discharge to the grid for four hours, however the CEC is looking to the future by investing in battery projects that discharge for longer periods. The following grants have been issued for long-duration battery storage projects around the state:

Thanks to state budget investments and funding from the Biden-Harris administration, California has $41 billion at work to help build a 100 percent clean electric grid, strengthen the state’s water resiliency and boost water supply, and modernize our transportation system. Visit Building California’s Future to explore the many projects happening throughout the state. 

RELATED RESOURCES: To help visualize the state’s progress toward 100 percent clean electricity, the CEC maintains a suite of interactive tools with downloadable data on the following topics: 

Chart showing estimated clean energy goal progress.

Watch the YouTube shorts video.

###

About the California Energy Commission
The California Energy Commission is the state’s primary energy policy and planning agency. It has seven core responsibilities: advancing state energy policy, encouraging energy efficiency, certifying thermal power plants, investing in energy innovation, developing renewable energy, transforming transportation, and preparing for energy emergencies.

About the California Public Utilities Commission
The CPUC regulates services and utilities, protects consumers, safeguards the environment, and assures Californians access to safe and reliable utility infrastructure and services. Visit www.cpuc.ca.gov for more information.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

MNCs unveil major strategies and increased investments in China

November 12, 2025 Investments

5 Best Investments for the Upper Class To Make Before 2026

November 12, 2025 Investments

Future-Proofing The Hybrid Workplace

November 12, 2025 Investments

Ambition Unveiled: Andhra Pradesh Targets $1 Trillion Investments

November 12, 2025 Investments

Mumbai Real Estate Investments Cross US$ 1.2 Billion in 2025, Regain Pre-Pandemic Momentum: Cushman & Wakefield

November 11, 2025 Investments

Moonilal welcomes report of US$20b in possible ExxonMobil investments | Local News

November 11, 2025 Investments
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

#CryptoCorner | Meghna Bal, Director of Esya Centre tells Manisha Gupta Due to higher taxes in India, a large percentage of crypto trade has shifted offshore @CoinDCX #CNBCTV18Market #cryptocurrency – LinkedIn

November 13, 2025 Cryptocurrency 1 Min Read

#CryptoCorner | Meghna Bal, Director of Esya Centre tells Manisha Gupta Due to higher taxes…

From Early Adoption To Domain Mastery

November 13, 2025

Muthoot Finance Q2 Results: Earnings beat estimates with highest ever gold loan AUM

November 13, 2025

Scotland a ‘safe bet’ for investors, Holyrood’s Finance Secretary insists

November 13, 2025
Our Picks

#CryptoCorner | Meghna Bal, Director of Esya Centre tells Manisha Gupta Due to higher taxes in India, a large percentage of crypto trade has shifted offshore @CoinDCX #CNBCTV18Market #cryptocurrency – LinkedIn

November 13, 2025

From Early Adoption To Domain Mastery

November 13, 2025

Muthoot Finance Q2 Results: Earnings beat estimates with highest ever gold loan AUM

November 13, 2025

Scotland a ‘safe bet’ for investors, Holyrood’s Finance Secretary insists

November 13, 2025
Our Picks

China accuses Washington of stealing $13 billion worth of Bitcoin in alleged hack — 127,272 tokens seized from Prince Group after owner Chen Zhi was indicted for wire fraud and money laundering, U.S. alleges – Tom's Hardware

November 12, 2025

Future-Proofing The Hybrid Workplace

November 12, 2025

Ambition Unveiled: Andhra Pradesh Targets $1 Trillion Investments

November 12, 2025
Latest updates

#CryptoCorner | Meghna Bal, Director of Esya Centre tells Manisha Gupta Due to higher taxes in India, a large percentage of crypto trade has shifted offshore @CoinDCX #CNBCTV18Market #cryptocurrency – LinkedIn

November 13, 2025

From Early Adoption To Domain Mastery

November 13, 2025

Muthoot Finance Q2 Results: Earnings beat estimates with highest ever gold loan AUM

November 13, 2025
Weekly Updates

Owning 42% shares,institutional owners seem interested in Cromwell European Real Estate Investment Trust (SGX:CWBU),

October 10, 2024

Cryptocurrency Live News & Updates : Circle Partners with Bybit for USDC Revenue Sharing

July 9, 2025

Bitcoin bounces back above $60,000 as cryptocurrency’s rise continues to end week: CNBC Crypto World

August 9, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2025 Finance Pro

Type above and press Enter to search. Press Esc to cancel.