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ARTICLE · 04 OCTOBER 2022

New Jersey BPU Releases Straw Proposal For Standalone Storage Incentive Program

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There has been much (deserved) discussion on federal standalone energy storage incentives passed in the Inflation Reduction Act, but a new state-level incentive is taking shape in New Jersey.

United StatesEnergy and Natural Resources
Joel Meister
Joel Meister
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There has been much (deserved) discussion on federal standalone energy storage incentives passed in the Inflation Reduction Act, but a new state-level incentive is taking shape in New Jersey. Yesterday, the New Jersey Board of Public Utilities ("BPU") released its awaited New Jersey Energy Storage Incentive Program ("NJ SIP") Straw Proposal in an NJBPU Notice along with a schedule of virtual stakeholder meetings in October and November. The program will be formalized through a final BPU Order to ultimately support NJ's statutory mandate to initially achieve 600 megawatts of installed energy storage in 2021, growing to 2,000 MW by 2030. Comments on the Straw Proposal are due by December 12, 2022.

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