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SoCal Edison opens 32 MWh battery energy storage project, largest in North America; batteries from LG Chem

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The project is strategically located in the Tehachapi Wind Resource Area that is projected to generate up to 4,500 MW of wind energy by 2016. The demonstration project is funded by SCE and federal stimulus money awarded by the Department of Energy as part of the American Recovery and Reinvestment Act of 2009.

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California Governor Schwarzenegger Announces 244 Proposed Renewable Energy Projects Throughout State; Up to 69,925 MW of Capacity

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These proposed projects throughout the state include solar, wind, geothermal, biomass and small hydro facilities and will help move California towards achieving the renewable energy goal of 33% by 2020. Currently California facilities produce just more than 8,000 MW of renewable energy annually.

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World Economic Forum Report: US$515 Billion Per Year Needed in Green Investments

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Their statement suggests using some of the money available from fiscal stimulus packages to invest in activities that can provide jobs as well as create low emission options. They say that linking the economy and climate discussions in this way can create a “diplomatic opportunity” in 2009.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Earlier post.). Five months ago.

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Plug-in cars: Moving Forward

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It hasn’t led to an immediate abandonment by the automakers of this long over-subsidized initiative, but it will help put a stopper in the drain on resources accelerated under President Bush. California hasn’t blinked in its commitment to Schwarznegger’s pet project, the hydrogen highway. But their dreams haven’t yet been sunk.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

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Stimulate Demand: The programs included in the stimulus bill signed last month may help rebound consumer demand, but more aggressive action to move sales into the 12-14 million-unit range as quickly as possible will help inject much needed liquidity into the entire system.

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Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

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It also comes as the California Air Resources Board welcomes a new chair and several new board members who are now tasked with steadily cutting emissions in a manner that has never been achieved. Private sector investment can also drive green stimulus. million metric tons of carbon dioxide-equivalent (MMTCO 2 e) to 425.3