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San Francisco explores battery storage and Green Bank financing in environmental initiatives

May 17, 2024 | San Francisco City, San Francisco County, California



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

San Francisco explores battery storage and Green Bank financing in environmental initiatives
In a recent San Francisco government meeting, officials provided crucial updates on two significant studies aimed at enhancing the city's energy resilience and sustainability. The discussions centered on a battery energy storage system study and a green banking finance initiative, both part of a Memorandum of Understanding (MOU) with the San Francisco Public Utilities Commission (SFPUC).

The battery energy storage study, currently in its first phase, focuses on integrating batteries with rooftop solar systems in one- and two-unit residential buildings. This initiative aims to improve energy storage for peak demand and resilience. The second phase will expand the study to larger multi-unit buildings and address workforce training and job opportunities related to battery management. The consulting firm Arup is leading the study, which is nearing completion of its first phase, with feedback from the fire department and building inspection departments being incorporated into the final draft.

Meanwhile, the green banking finance study aims to explore how San Francisco can access greenhouse gas reduction funds to establish a municipal green bank. This initiative is part of the Inflation Reduction Act and is designed to benefit Clean Power SF ratepayers. The study will refine the scope of work in coordination with SFPUC and is expected to complement existing funding efforts for clean energy projects.

Commissioner Preston emphasized the urgency of moving forward with the green bank structure, highlighting the potential for significant federal funding to support local green initiatives. The city is poised to apply for these funds, which could greatly enhance its ability to finance sustainable projects.

As the meeting concluded, officials expressed optimism about the studies' potential impact on San Francisco's energy landscape, with plans to present findings to the commission in July. The discussions underscored the city's commitment to advancing clean energy solutions and addressing the challenges of energy affordability and sustainability.

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