Renewable energy initiative to be re-authorized in CaliforniaJune 24, 2014
Governor Brown to re-authorize California’s Self-Generation Incentive Program
California Governor Jerry Brown is set to re-authorize the state’s Self-Generation Incentive Program. The program is meant to provide funding to the renewable energy and clean technology sectors, favoring wind power, energy storage, and hydrogen fuel cells. The initiative is expected to be authorized to issue some $83 million in funding every year through 2019, adding significant financial backing to the state’s evolving energy structure. This funding is also expected to boost the prevalence of fuel cells throughout California.
Program aims to supply renewable energy and clean technology sectors with more funding
The Self-Generation Incentive Program is the state’s original renewable energy initiative, having existed before the California Solar Initiative. The program had primarily existed as a way to reduce energy consumption throughout the state through the introduction of photovoltaic technologies. Over the years, the initiative has changed focus, highlighting energy storage more than the express adoption of solar power and other form of clean energy.
Funding will help the state focus more on other forms of clean energy
California is currently one of the leading states in the U.S. in terms of renewable energy. The state has established a strong lead in the solar market and is set to become a very active hub for clean transportation. Other forms of clean energy, such as wind, hydropower, and geothermal energy, have also been gaining momentum throughout California, but require significant financial support to find any real success.
Re-authorization of initiative may help solidify California’s role as a leader in terms of clean energy and sustainability
By re-authorizing the Self-Generation Incentive Program, California is likely to see an increase in renewable energy and clean technology activity. The program is meant to create an incentive to boost the adoption of clean energy. In the past, it has been largely successful in this initiative. Working alongside the state’s other renewable energy incentives may have a major impact on the state’s energy structure. California is expected to remain a leader in clean energy for the foreseeable future, and this lead is being solidified by the state’s growing interest in various forms of clean power.