Electric Program Investment Charge, 2024 Annual Report

The Electric Program Investment Charge (EPIC) Program is California’s premier electricity sector research and development program. EPIC drives innovation and advances science and technology in energy efficiency, load flexibility, renewable energy and advanced clean generation, transportation, grid transmission and distribution, and energy-related environmental protection, among other areas important to California’s electricity system. EPIC is funded by a ratepayer surcharge from the state’s electric investor-owned utilities, and the investments of EPIC deliver benefits back to ratepayers.

EPIC is overseen by the California Public Utilities Commission (CPUC) and administered separately by the California Energy Commission (CEC) and electric investor-owned utilities. CEC-administered EPIC investments support applied research and development, clean energy demonstration and deployment projects, and market facilitation activities that benefit electricity ratepayers and lead to technological advancements that, in turn, can overcome key barriers to the state’s statutory energy goals.

This report summarizes the progress and status of EPIC-funded CEC activities from January 1, 2024, through December 31, 2024. The report was prepared in accordance with applicable CPUC decisions and California Public Resources Code Section 25711.5.