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New Jersey Turns to Big Batteries as Power Prices Rise

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As solar and offshore wind projects stall, New Jersey just awarded its biggest incentives to battery storage projects to help reach its climate goals and stabilize electricity prices for consumers. The New Jersey Board of Public Utilities (BPU) earlier this month announced incentives for three large battery storage projects totaling 355 megawatts under the Garden State Energy Storage Program, or G...
Steelman: The New Jersey Board of Public Utilities (BPU) has awarded incentives for three large battery storage projects totaling 355 megawatts under the Garden State Energy Storage Program (GSESP). These projects are expected to provide flexible, on-demand power to the PJM regional grid and generate significant savings for ratepayers over their lifetime. The award process was competitive, with projects selected based on cost-effectiveness and clear net benefits for ratepayers. Patterns detected...