PG&E Corporation (PCG) Calls Innovators to Help Solve California's Energy Challenge

PG&E Corporation (NYSE:PCG) is one of the Best 52-Week Low Stocks to Buy According to Analysts. On July 7, PG&E Corporation (NYSE:PCG) announced that it is calling for innovators to help solve California’s toughest energy challenges. The company has up to $25 million to fund new projects. They want entrepreneurs, inventors, and tech experts to join their 2025 Innovation Pitch Fest.

The event will take place from September 23 to September 25, at PG&E’s Oakland headquarters. It focuses on breakthrough technologies that need strong collaboration between PG&E and external innovators. The company updated its strategy in 2024, highlighting key problem areas and increased emphasis on using Artificial Intelligence to improve energy systems.

For this year’s Innovation Pitch Fest, PG&E Corporation (NYSE:PCG) has set 10 specific problem statements. They include challenges like managing the energy demands of growing AI data centers, accelerating neighborhood electrification, reducing wildfire risks, and improving safety through AI. PG&E wants fast, scalable solutions to these urgent problems.

PG&E Corporation (NYSE:PCG) is a major utility serving northern and central California. It provides electricity and natural gas to about 16 million people across a 70,000-square-mile area.

While we acknowledge the potential of PCG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.