Translator Disclaimers
For Immediate Release: Contact: Peter Peretzman
Date: 10/29/2018 609-984-9707
Making Strides Towards Achieving Governor Murphy’s Clean Energy Goals
Trenton — In furtherance of Governor Murphy’s clean energy agenda, today the New Jersey Board of Public Utilities (NJBPU) approved a contract with Rutgers University to perform an analysis of the state’s energy storage needs and opportunities. This study will provide the data needed to achieve the energy storage targets set by the Clean Energy Act of 2018 (Act).

 

The Act, signed by Governor Murphy in May, set goals of 600 MW of energy storage by 2021 and 2,000 MW of energy storage by 2030.

 

“The ability to store energy is critical for our future and for accomplishing Governor Murphy’s ambitious clean energy goals for New Jersey,” said NJBPU President Joseph L. Fiordaliso.

 

“Energy storage systems will provide emergency back-up power for essential services, offsetting peak loads, and stabilizing the electric distribution system, which ultimately will benefit the ratepayer.”

 

The Rutgers analysis will also consider whether implementation of renewable electric energy storage systems would promote the use of electric vehicles in the state, and the potential impact on renewable energy production.

 

It is expected that the energy storage report will summarize the analysis, discuss and quantify the potential benefits and costs associated with increasing energy storage and distributed energy resources in New Jersey, and recommend ways to increase opportunities for energy storage and distributed energy resources statewide.

 

The contract is for six months beginning on November 1, 2018. The proposed budget for the analysis and report is $300,000 with funding from BPU industry assessment funds.

 

 

About the New Jersey Board of Public Utilities (NJBPU)
The NJBPU is a state agency and regulatory authority mandated to ensure safe, adequate and proper utility services at reasonable rates for New Jersey customers. Critical services regulated by the NJBPU include natural gas, electricity, water, wastewater, telecommunications and cable television. The Board has general oversight and responsibility for monitoring utility service, responding to consumer complaints, and investigating utility accidents.
To find out more about the NJBPU, visit our web site at
www.nj.gov/bpu.

 

 

About the New Jersey Clean Energy Program (NJCEP)
NJCEP, established on January 22, 2003, in accordance with the Electric Discount and Energy Competition Act (EDECA), provides financial and other incentives to the State's residential customers, businesses and schools that install high-efficiency or renewable energy technologies, thereby reducing energy usage, lowering customers' energy bills and reducing environmental impacts. The program is authorized and overseen by the New Jersey Board of Public Utilities (NJBPU), and its website is
www.NJCleanEnergy.com.