This bill would require the commission, Energy Commission, on or before March 1, 2026, to designate a person, within the commission, Energy Commission, to serve as the Senior Counselor on Industrial Policy and Clean Energy Development Development, and would specify require the senior counselor’s duties. The bill would require the Senior Counselor on Industrial Policy and Clean Energy Development to counselor to, among other things, convene working groups that focus on certain issues, as provided. The bill would require the commission, Energy Commission, the Governor’s Office of Business and Economic Development, the Labor and Workforce Development Agency, the Public Utilities Commission, the Department of Water Resources, the Department of General Services, and the office of the Treasurer, on or before March 1, 2026, to enter into an a memorandum of understanding on equitable clean energy supply chains and industrial policy in California to, among other things, review, investigate, and develop strategies for building integrated industrial bases in California to support the zero-emission vehicle and battery supply chain industries, offshore wind and offshore wind component industries, and building decarbonization and heat pump industries through industrial planning and public investment, procurement, and subsidization, with specified goals and provisions, as provided. The bill would require the Senior Counselor on Industrial Policy and Clean Energy Development senior counselor to track and coordinate the work taken under the memorandum of understanding and to prepare an annual report summarizing the key findings and recommendations resulting from that work. The bill would require that the report be presented at a public meeting of the commission Energy Commission and be published on the commission’s Energy Commission’s internet website. The bill would establish in the State Treasury the Equitable Clean Energy Supply Chain and Industrial Policy Fund and would, upon appropriation by the Legislature, authorize the moneys in the fund be expended for the purposes of the bill.