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California Boosts Virtual Power Plants; These Clean Energy Players Benefit

Several efforts to contain surging energy bills in California have recently been finalized, and analysts say they stand to benefit Tesla (TSLA), Sunrun (RUN), Enphase (ENPH), and Renew Home, an Alphabet (GOOGL) spinoff. Gov. Gavin Newsom signed Senate Bills 905 and 913, both from state Sen. Josh Becker, on Sept. 30. The excerpt says the new laws make way for networks but cuts off at that point.

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