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.
| Implementing Sector: | State |
| Category: | Regulatory Policy |
| State: | New Jersey |
| Incentive Type: | Energy Storage Target |
| Web Site: | https://www.njcleanenergy.com/storage |
| Administrator: | |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Name: | A.B. 3723 |
| Date Enacted: | 05/23/2018 |
| Name: | Board Secretary |
| Organization: | NJ Board of Public Utilities |
| Address: |
44 S. Clifton Ave Trenton NJ 08625 |
| Phone: | (609) 913-6241 |
| Email: | board.secretary@bpu.nj.gov |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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