IDS Industries, Inc. (IDST) Poised for Massive Growth as California Public Utilities Commission Doubles Down on Energy Storage
IDS Industries, a company which has already carved out a sizeable chunk of the advanced energy storage and portable power markets with their GIIRS-rated (Global Impact Investing Rating System) solutions, was quite pleased today to announce that recent landmark legislation by the California Public Utilities Commission (CPUC), mandating that the state's biggest utilities (PG&E, Southern California Edison and San Diego Gas & Electric) pick up a whopping 1.3 gigawatts (over 1.3k MW) of storage capacity by 2020 alone, validates their hard work building an energy storage portfolio. On the back of California's Renewable Portfolio Standard requiring that 33% of utilities'…