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California governor, Jerry Brown, is expected imminently to sign off new legislation extending a funding programme said to be a vital lifeline for the state’s nascent energy storage sector.
Bill AB1466, approved last week by California’s senate and assembly, will mean the ‘Self-Generation Incentive Program’, an $83 million-a-year initiative supporting distributed energy projects in the state due to expire, next year, will run until at least 2019.
First launched in 2001, the SGIP was designed to reduce peak load demand in California through the fostering of low-carbon distributed generation technologies. It was the state’s original support programme for PV, until the popularity of the technology saw it spun out to its own programme, the California Solar Initiative.
The full version of this is available on PV Tech Storage, here.