Bill > AB1095

This bill amends existing law to expand the Climate Catalyst Revolving Loan Fund Program by adding a new category of climate catalyst projects focused on data centers' waste heat energy capture and conversion. Specifically, the bill authorizes the California Infrastructure and Economic Development Bank (I-Bank) to provide financial assistance for projects that enable the capture and conversion of data centers' waste heat, with the State Energy Resources Conservation and Development Commission serving as the consulting agency. If multiple projects seek funding, the consulting agencies will prioritize based on state policy and financial considerations. Additionally, the bill introduces new provisions to the Renewables Portfolio Standard Program that would allow data centers to receive renewable energy credits for waste heat energy conversion under certain conditions. These conditions include demonstrating the capture and conversion of waste heat to electricity, using the generated energy at the same facility where it was produced, and meeting specific reporting and verification requirements. The bill aims to incentivize energy efficiency and renewable energy generation by enabling data centers to benefit from their waste heat through renewable energy credits and potential financial assistance.

Agriculture and Natural Resources, Budget and Finance, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1095