When it comes to pure power, he is the king of California

Broad-based renewable energy exchanges such as transactions ALPS Pure Energy ETF (ACES), Operating in a variety of industries and geographical locations.

On a geographical note, the concept of renewable energy investment is driven by domestic and international forces – to be included in the ACES list. Many investors in the United States are paying close attention to how the federal government is approaching renewable energy. That is an important part of receiving a fund like ACES.

However, many states schedule their own renewable energy courses, in some cases setting more rules and standards than the federal government requires. California is one of the leaders in the field of progressive clean energy policy. In fact, the Golden State can provide some serious long-term positive things to ACES.

Last week, the California Public Utilities Commission (CCC) states that 11,500 megawatts of new electricity resources were needed to power an estimated 2.5 million homes between 2023 and 2026. The selected resources will be divided into distributed energy resources (including energy efficiency and demand response), renewable and zero-generating sources, ”the commission said in a statement.

California Catalyst for ACES

Priority for CPC Renewable Products makes sense for ACS investors because this mix is ​​certainly popular in California – and includes the fastest growing wind in the state. Those are the biggest industrial risks of money.

In addition, the order is the largest in the CPC, and by 2045, 100% pure electricity will be in line with the California goal. Of course, this is more than two decades away, but the goal is a long-term commitment to the green of the state.

“Today’s historic decision is the key to our commitment to our energy and energy security goals,” said Commissioner Clifford Reichchachenen. “Our purchase is equivalent to four large nuclear power plants or 20 natural gas factories. Included Solar, wind, geothermal and long-term storage – Compressed hydro facilities or other new technologies can store energy for eight hours or more.

Emphasizing California’s importance to ACES, the state produces 63% of its renewable energy and is a leader in adopting solar, roof, energy efficiency and other clean energy concepts in the ALPS ETF.

Other alternative energy ETFs include First Trust Global Wind Energy ETF (FAN) And the SPDR Kensho Clean Power ETF (CNRG).

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The comments and predictions expressed herein are those of Tom Lidoon, and may not be true. Information on this site should not be used as a discount, sale request or advice for any product.

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