By Matthew Beyer On January 29, 2019, PG&E, the largest utility company in California, filed for Chapter 11 bankruptcy. The announcement comes after a spate of wildfires...
Archive for tag: California
In the past three articles, I analyzed several aspects of the Hera Group, its strong dedication to sustainable development, and how the company is advancing energy efficiency in industry. There is one more thing I would like to mention and in particular Hera’s organizational structure and some common features with the Community Choice Energy (CCE) programs in California, also known as Community Choice Aggregation (CCA). For this purpose, I will explore data from Marin Clean Energy (MCE), which I introduced in previous articles as the subject of my research.
In my previous post I introduced the concept of Community Choice Energy (CCE) business model and how cities and local governments in California are gaining momentum in leading the way towards sustainable energy transition at the local level.
There is definitely an interesting situation. Contrary to what the federal government is doing, California is moving forward with an increasing amount of renewable energy added to its portfolio standard, and doubling its energy efficiency goals. According to data collected by Bloomberg, a significant part of the U.S. growth can be tracked to California laws promoting clean energy. Indeed, ‘California clean energy companies reported annual revenue growth of 26 percent and they turned more revenue into profit with an average gross margin of 46 percent’.
In this suitable window, CCE model is gaining momentum by creating a domino effect. With eight operational CCEs, eight emerging CCEs, and more than twenty cities and counties currently exploring this opportunity, the CCE model is booming all around California.
Join Janine Finnell, Founder and Clean Energy Ambassador, and Basile Lemba, Founder of the Fairfax Breakfast Club, as they discuss the impact climate change is...