Revision plan for California’s 2021-2022 budget, presented by California governor Gavin Newsom, earmarks USD 912 million for offshore wind, storage, green hydrogen and other energy investments.
The idea behind investments in the energy sector is to speed up California’s progress towards meeting its clean energy goals.
In line with that, USD 350 million will be allocated for “pre-commercial long-duration storage projects” and USD 250 million will go for improving energy efficiency in the industrial sector.
The production of green hydrogen will be supported with USD 110 million with aim to lower the state’s reliance on gas along with USD 125 million to reduce energy use at food production facilities.
Another USD 20 million is to be used to finance the offshore wind industry.
The budget document also envisages USD 1.4 billion for 2021-2022 to purchase or lease green buses and trucks.
Source Renewables Now