The New Jersey Board of Public Utilities (NJBPU) yesterday permitted three initiatives to increase in-state clear power technology, enhance grid reliability and assist management electrical energy prices for New Jersey households and companies.
New Jersey Gov. Mikie Sherrill
NJBPU opened incentives to photo voltaic and battery storage tasks, opened a second spherical of storage solicitations, superior the Aggressive Photo voltaic Incentive (CSI) Program and permitted the nation’s largest enlargement of a state-run neighborhood photo voltaic program.
“Photo voltaic and battery storage are the quickest and most cost-effective methods to construct new electrical energy technology. Right now’s actions advance Gov. Sherrill’s clear power targets whereas persevering with the board’s dedication to balancing affordability and selling clear, in-state power assets,” stated NJBPU President Christine Guhl-Sadovy.
NJBPU permitted incentives for 3 battery storage tasks underneath the primary solicitation of the Backyard State Power Storage Program (GSESP), totaling 355 MW of capability — barely above the 350 MW minimal required by state legislation.
The successful tasks are Woods Touchdown Storage (200 MW, Sayreville, Middlesex County), Two Rivers Power Storage (150 MW, Ridgefield, Bergen County) and North America Power Storage Corp. (5 MW, Bordentown, Burlington County). These battery tasks will present versatile, on-demand energy to the PJM regional grid, serving to to ease the capability scarcity that has contributed to larger electrical energy costs throughout the area. NJBPU expects these tasks will incur a prices financial savings of greater than $169 million throughout operations.
The board additionally launched the primary part of the second tranche of GSESP tasks, opening a second aggressive solicitation for 645 MW of further storage capability. Gov. Mikie Sherrill issued an government order on January 20 directing to open this tranche inside 45 days of its signing. As soon as these tasks are full, that may put the state on monitor to succeed in 1 GW of transmission-scale storage, with its bigger aim of getting 2 GW by 2030.
Photo voltaic plus storage tasks are eligible for this second tranche of tasks, as is standalone storage.
Aggressive Photo voltaic Incentive
The third spherical of solicitation for New Jersey’s Aggressive Photo voltaic Incentive has chosen three tasks totaling 24.12 MW. These tasks will obtain photo voltaic renewable power credit (SRECs) The successful tasks are Court docket at Deptford Photo voltaic (4.1 MW, Gloucester County), Deptford Landfill Photo voltaic (10 MW, Gloucester County) and North Jersey District Water Provide Fee (10 MW, Passaic County).
Upon completion, the North Jersey District Water Provide Fee’s mission, on the Wanaque Reservoir, could be the biggest floating photo voltaic facility within the nation.
NJBPU will open the fourth CSI mission solicitation on March 11 with bids due by the top of April 24. New to this spherical, the board can be searching for photo voltaic tasks rated at 20 MW or better.
Increasing neighborhood photo voltaic
NJBPU permitted a 3-GW enlargement of New Jersey’s Group Photo voltaic Power Program — the biggest capability allocation in state historical past — and sufficient to offer clear power financial savings for about 450,000 subscribers.
Mission registrations can be accepted by way of December 31, 2029, or till all 3,000 MW are subscribed. Up to now, New Jersey’s neighborhood photo voltaic program has delivered greater than $70 million in invoice credit and $14 million in internet financial savings to greater than 37,000 subscribers throughout 162 operational tasks totaling 228 MW. NJBPU said in a press launch that this enlargement will construct on that progress, increasing clear power entry, and specializing in constructing tasks on websites like landfills.
Gov. Sherrill signed two government orders on her first day in office. The primary froze fee hikes on power prices and directed utilities to grant clients residential invoice credit. The second government order tasked the NJBPU with increasing the state’s photo voltaic and battery storage applications.
Information merchandise from the New Jersey Board of Public Utilities
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