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, Renewables Now reports.
In line with the idea to speed up California’s progress towards meeting its clean energy goals USD 350 million will be allocated as energy sector investments for pre-commercial long-duration storage projects with another USD 250 million for improving energy efficiency in the industry.
Another USD 110 million will be used to support the production of green hydrogen with aim to lower the state’s reliance on gas along with USD 125 million to reduce energy use at food production facilities.
Financing of the offshore wind industry will cost another USD 20 million while the 2021-2022 budget also envisages USD 1.4 billion for purchase or lease green buses and trucks.
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