The California Senate on Wednesday passed a bill that would create a 10-year rebate program for the state’s local energy storage market. According to a bill analysis from the California legislature, SB 700 directs the California Public Utilities Commission (CPUC), by Dec. 1, 2018, to establish a program called the Energy Storage Initiative (ESI) to provide rebates to customers of California’s investor-owned utilites for the installation of customer-sited energy storage systems that are dispatch capable to achieve market transformation.

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