CENTER FOR SUSTAINABLE ENERGY

Transportation: EV Incentive Programs: CSE's Transportation EV Incentive Division earned $425,333,024.95 in Reveneue and had expenses of $412,459,917.00 in 2023 of which $403,234,352 worth of rebates was delivered to rebate applicants. Notable achievements in 2023 include the following:CSE administers electric vehicle incentive rebates for state agencies and utilities in 10 states, including issuing more than $1.5 billion in rebates for the California Clean Vehicle Rebate Project. The total program value of the EV incentive programs under management exceeds $3.0 billion. To date, across its programs more than $2.1 billion in EV incentives have been distributed. These programs eliminate greenhouse gas emissions from the transportation sector by increasing the rate at which individual consumers and fleets replace greenhouse gas emitting fossil fuel vehicles with zero or near zero emitting vehicles electric vehicles. CSE uses its Caret EV forecasting software platform to assist with the design and administration of EV incentive programs. Caret leverages more than 240 user-defined variables to forecast EV demand and impacts at given incentive levels. This forecasted demand is then used to forecast program incentive cost and the impact of EV sales on greenhouse gas emissions, fuel consumption avoidance, energy demand, and fleet turnover. Forecasts are updated to allow program owners to optimize their programs in the face of changing market conditions, including a change in available program funding and available tax incentives and other changes in policy that affect the market for EVs.

Distributed Energy Resources: In 2023, CSE earned $55,830,314.71 worth of revenue and had expenses of $48,383,478 of which $40,362,076 was paid out to rebate applicants. A Notable achievement in 2023 includes:CSE is the lead Program Administrator for Californias Solar on Multifamily Affordable Housing (SOMAH) program, one of the largest investments of its kind. This program focuses on reducing electric bills for low- and moderate-income tenants by expanding solar access for multi-unit dwellings serving these tenants. The program totals approximately $1 billion in program value and has the goal of deploying 300 megawatts of solar on multifamily affordable housing by 2032.CSE is the administrator of the Self Generation Incentive Program [SGIP] in the San Diego Gas & Electric service territory. SGIP provides technical and financial support for energy storage, fuel cells, wind, and solar installations for low- and moderate-income residents. SGIP prioritizes energy storage in fire-prone, low-income, and disadvantaged areas to address climate change and power outages, bringing bill savings and resilience to those most at risk.