Southern California Edison Power Purchase Agreement

The SCE Pathway 2045 to achieve this goal calls for investments of $170 billion by 2045 in clean energy generation and energy storage and up to $75 billion for grid upgrades to address the transition to electrification of electricity transmission, heating and other sectors that now rely on fossil fuels. Last year, the California Public Utilities Commission identified potential reliability issues in the state`s power supply. The analysis showed that the closure of aging natural gas facilities, the increasing level of solar and wind energy, which needs to be integrated into the system, and changes in peak electricity consumption would contribute to creating potential problems in the system. Last month, the CPUC launched a procedure in which emergency measures were considered to reduce the possibility of a new grid emergency next summer, ranging from strengthening supply-side resources, such as natural gas-fired power plants or power batteries, to increasing demand resources. such as the batteries behind the meter and answering machine. However, SCE believes more network security is needed by the middle of the decade, given the closure of the state`s last nuclear power plant, Diablo Canyon. “We have said in our public submissions that we see a need for additional capacity from 2024 and beyond up to 5,400 MW between 2024 and 2026,” he said. Tags: southern California edison, edf, us, usa, ppa, ssfusa SAN FRANCISCO, Nov. 19, 2020 (GLOBE NEWSWIRE) — Sunrun (NASDAQ: RUN), the leading provider of solar, battery and household energy services, today announced that it has entered into a contract with one of the largest electricity suppliers in the United States, Southern California Edison (SCE), to increase grid resilience and reduce electricity costs. SCE sends signals to Sunrun during events requiring high needs, such as extreme heat waves when the energy network is strained. In response, Sunrun will provide power from thousands of its brightbox solar-powered battery systems installed in the SCE area and will provide five megawatts (MW) of energy capacity to support the entire energy system. The same solar-powered home batteries also provide these households with reliable backup electrical power in the event of a power outage.

“This is in our heads the first step towards the future of clean energy,” he added. . . .

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