Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting Californians to reliable and safe transportation – California State Portal | CA.gov
  • Mexico Data Center Market Investment & Growth Report 2026-2031 Featuring Key DC Investors – AWS, Ascenty, Equinix, Google, HostDime, KIO, Mexico Telecom Partners, Microsoft, ODATA, Scala – Yahoo Finance UK
  • EU Opens Public Consultation to Review MiCA Cryptocurrency Regulations
  • What actually is ‘reasonable financial provision’ for the purposes of the Inheritance (Provision for Family and Dependants) Act 1975? McDaniel v Talbot & Anor [2026] EWHC 928 (Ch) – Today's Wills and Probate
  • Regulator tells property lender Kingscrown Finance to stop taking on new customers
  • South Asian show at carwright Hall draws new Bradford audiences
  • Walthamstow Art Trail to return in June for 20th anniversary
  • Finance minister highlights AI capacity building for developing nations at G7
  • 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

[ad_1]

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.

[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting Californians to reliable and safe transportation – California State Portal | CA.gov

May 20, 2026 Investments

Mexico Data Center Market Investment & Growth Report 2026-2031 Featuring Key DC Investors – AWS, Ascenty, Equinix, Google, HostDime, KIO, Mexico Telecom Partners, Microsoft, ODATA, Scala – Yahoo Finance UK

May 20, 2026 Investments

Finland Data Center Investment Analysis Report 2026: A $5.8 Billion Market by 2031, Growing at a CAGR of 35.18% Featuring Major DC Investors – atNorth, Borealis, Elisa, Equinix, Google, Telia, Verne – Yahoo Finance UK

May 19, 2026 Investments

Norway Data Center Investment Analysis Report 2026: Market to Grow at a CAGR of 28.3% Between 2025-2031 with Green Mountain, STACK Infrastructure, and Bulk Infrastructure as the Major Prodivers – Yahoo Finance UK

May 19, 2026 Investments

Your avenues for investments abroad

May 17, 2026 Investments

6 Top Low-Risk Investments To Make In 2026

May 16, 2026 Investments
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting Californians to reliable and safe transportation – California State Portal | CA.gov

May 20, 2026 Investments 1 Min Read

[ad_1] During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting…

Mexico Data Center Market Investment & Growth Report 2026-2031 Featuring Key DC Investors – AWS, Ascenty, Equinix, Google, HostDime, KIO, Mexico Telecom Partners, Microsoft, ODATA, Scala – Yahoo Finance UK

May 20, 2026

EU Opens Public Consultation to Review MiCA Cryptocurrency Regulations

May 20, 2026

What actually is ‘reasonable financial provision’ for the purposes of the Inheritance (Provision for Family and Dependants) Act 1975? McDaniel v Talbot & Anor [2026] EWHC 928 (Ch) – Today's Wills and Probate

May 20, 2026
Our Picks

During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting Californians to reliable and safe transportation – California State Portal | CA.gov

May 20, 2026

Mexico Data Center Market Investment & Growth Report 2026-2031 Featuring Key DC Investors – AWS, Ascenty, Equinix, Google, HostDime, KIO, Mexico Telecom Partners, Microsoft, ODATA, Scala – Yahoo Finance UK

May 20, 2026

EU Opens Public Consultation to Review MiCA Cryptocurrency Regulations

May 20, 2026

What actually is ‘reasonable financial provision’ for the purposes of the Inheritance (Provision for Family and Dependants) Act 1975? McDaniel v Talbot & Anor [2026] EWHC 928 (Ch) – Today's Wills and Probate

May 20, 2026
Our Picks

UK finance ministry presses supermarkets to cap food prices, sources say

May 19, 2026

Welsh painter and art teacher has enjoyed a successful 14 months in Shetland, before recently receiving the dream offer of opening her own gallery in Fife

May 19, 2026

ChatGPT Can Now Access Your Bank Account — As OpenAI Expands Into Personal Finance

May 19, 2026
Latest updates

During Infrastructure Week, Governor Newsom announces $540 million investment to improve infrastructure statewide, connecting Californians to reliable and safe transportation – California State Portal | CA.gov

May 20, 2026

Mexico Data Center Market Investment & Growth Report 2026-2031 Featuring Key DC Investors – AWS, Ascenty, Equinix, Google, HostDime, KIO, Mexico Telecom Partners, Microsoft, ODATA, Scala – Yahoo Finance UK

May 20, 2026

EU Opens Public Consultation to Review MiCA Cryptocurrency Regulations

May 20, 2026
Weekly Updates

Jack White’s first visual art show to open in London this spring

March 7, 2026

Walker Art Center sued by woman told she couldn’t breastfeed in gallery

May 21, 2024

‘We want to ruffle a few feathers’: Liverpool gallery confronts colonial past | Liverpool

July 8, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2026 Finance Pro

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