California Establishes University Energy Efficiency Center

June 24, 2005

The California Clean Energy Fund (CalCEF) announced on June 23 that it will invest $1 million to establish the world's leading center on energy efficiency at a university in northern California. The efficiency center will support research into new energy efficiency technologies and establish a way to bring introduce them quickly into the marketplace. CalCEF will select a university in early 2006 that aspires to international leadership in the development of energy efficiency technologies.

At the announcement, Michael R. Peevey, chairman of CalCEF and president of the California Public Utilities Commission, said "Increasing energy efficiency is the single most important step California can take to minimize the long-term cost of reliable energy services." He said the center will reinforce California's standing as a national and international leader in energy efficiency. Lisa Bicker, president of CalCEF, said, "Dollar for dollar, conservation is the most cost efficient energy investment we can make."

CalCEF is a nonprofit corporation that formed in 2004 out of the bankruptcy settlement with Pacific Gas & Electric Company (PG&E). Its purpose is to make equity investments in clean energy companies — energy efficiency, renewable energy, and energy storage — in the PG&E service territory. PG&E provides electricity and natural gas to 15 million customers in northern and central California.

For more information, see the June 23 article in Sustainable Business.