The CEC established the EPIC Program in 2012 to fund public investments in research to create and advance new clean energy solutions, foster regional innovation, and bring ideas from the lab to the marketplace. The primary purpose of the EPIC Program is to provide benefits to electric ratepayers through greater reliability, lower costs, and increased safety, while unleashing innovation to aid our transition to a clean energy future.
On September 2, 2020, the CPUC renewed the EPIC Program for an additional ten years and approved the CEC as an EPIC administrator with an annual budget of $148 million for the first five years.
The CEC will submit an EPIC Interim Investment Plan to the CPUC for 2021-2022 to continue investing in clean energy research while the full EPIC 4 investment plan is developed by the CEC and approved by the CPUC. CEC staff anticipates that the CPUC will issue a decision on the EPIC 4 investment plan at the end of 2021 or early in 2022. Therefore, the CEC is proposing research initiatives in the Interim Investment Plan that have near-term importance. These initiatives will build on research conducted in the CEC’s Third Triennial Investment Plan (2018-2020, EPIC 3), address key state priorities (for example, improving reliability and resilience), and support equity in our communities.
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