Energy Storage Procurement Target

NJ Energy Storage Target investor-owned utility

Program Details

Program ID: 22114
Last Updated: 1/6/2025

Eligibility

Eligible Sectors

investor-owned utility

Eligible Technologies

lithium-ion

Program Summary

A.B. 3723 of 2018 required the Board of Public Utilities to initiate a proceeding to establish a process for achieving a goal of 600 MW of energy storage by 2021 and 2,000 MW by 2030. The Board issued a straw proposal for a storage incentive program in August 2022 which proposed to incentivize 1 GW of storage by 2030. That program is documented in NJ Board proceeding QO22080540.

Contact & Resources

Additional Resources

https://www.njcleanenergy.com/storage

Please verify current program details with the administering agency before making any financial decisions.