In 2023, Governor Newsom signed AB 1373  (1)  into law. The goal of the bill was to support the development of offshore wind (and other clean electricity resources including geothermal and multi-day long duration energy storage like batteries) by solving a market issue. Offshore wind is considered a ‘long lead time resource’ because the offshore wind development timeline , (2) including lease sale, site survey, environmental review, and construction, can take more than 5 year

In 2023, Governor Newsom signed AB 1373  (1)  into law. The goal of the bill was to support the development of offshore wind (and other...