A storage undertaking by Arevon.
Gov. Phil Murphy on August 22 signed a invoice that formally launches the Garden State Energy Storage Program (GSESP). With A5267 now legislation, the state will transfer ahead with a aggressive procurement course of for grid-scale vitality storage, whereas utilizing present funds and avoiding new prices to ratepayers.
The GSESP program, previously referred to as the New Jersey Storage Incentive Program (NJ SIP), is designed to considerably develop the quantity of grid-scale vitality storage capability in New Jersey. It straight addresses demand development and restricted provide, the foundation causes of current fee will increase, whereas concurrently constructing a serious a part of the state’s clear vitality future.
“It is a pivotal second for New Jersey’s vitality panorama,” mentioned NJBPU President Christine Guhl-Sadovy. “The Backyard State Power Storage Program is a part of our dedication to addressing the causes of rising electrical charges, finally placing extra money again into the pockets of New Jersey households. This isn’t nearly assembly our local weather targets, it’s about ensuring each household can afford to maintain their lights on and their residence comfy.”
GSESP is a multi-phase program designed to deploy 2,000 MW of vitality storage by 2030, a mandate established by the Clear Power Act of 2018. Power storage methods are essential for integrating intermittent renewable vitality sources like photo voltaic, strengthening grid resilience towards outages, and lowering carbon emissions. This system is the fruits of two years of intensive stakeholder engagement, incorporating worthwhile suggestions from a various vary of business specialists, environmental teams and public representatives.
