AB 1280: Energy.

The bill aims to provide financial assistance for projects that enable the decarbonization of industrial facilities' use of heat and power. This includes industrial heat pump and thermal energy storage projects. The bill authorizes the creation of a new category of climate catalyst projects and requires the state to consult with agencies before adopting climate catalyst financing plans. The bill establishes a new program within the long-duration energy storage program to provide financial incentives for projects that decarbonize industrial facilities' use of heat and power. This program gives preference to projects that increase the use of renewable energy through reducing curtailment and shifting power usage from peak to off-peak times. The bill also revises the industrial grid support and decarbonization program to make it more focused on reducing emissions of greenhouse gases and hea…