New Jersey reconfigures solar policy, sets storage target to meet 50% renewables pledge

Latest

Facebook
Twitter
LinkedIn
Reddit
Email
Image: PJM Interconnection.

New Jersey is the latest US state to set itself targets for the deployment of energy storage, with newly passed legislation calling for 600MW of the technology within three years.

A bill, S2314/A3723, passed last week as one of three sustainability and low carbon measures for the state going forward, calls on the New Jersey Public Utilities Board to analyse the costs and potential benefits of energy storage as well as making revisions for community solar, energy efficiency, peak demand reduction and solar renewable energy certificate programmes.

Local independent system operator PJM Interconnection is famed in the energy storage world as the first local transmission organisation in the US to favour clean, fast-acting batteries to provide frequency response in a competitive market. PJM has been instructed to conduct analysis with the Public Utilities’ Board.

Also in the bill was a provision to accelerate the state’s path to meeting renewable energy targets, solar in particular. Electric power suppliers and “basic generation service providers” should provide a greater portion of their energy from solar each year, up to 5.1% by 2021 and gradually easing off to 2033.

To read the full version of this story, visit Energy-Storage.News.

3 May 2023
Large Scale Solar Summit is coming back to the US after a sell-out year in 2022! Designed as a meeting place for deal-making, we will not only discuss the most up to date topics and technologies but will also provide varied networking platforms so that developers, EPCs, manufacturers, asset owners, and investors can connect with possible clients and partners. Join us in Texas to meet with the top players in the industry and expand your network as business booms.

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events