A storage project from Arevon.
Government Phil Murphy On August 22, a bill signed that is officially launched the Garden State Energy Storage Program (GSSP). Of A5267 now law, The state will continue with A competitive purchasing process For energy storage on the roster scaleWhile using existing funds And Avoid new costs for Ratepayers.
The Gsesp programPreviously known as the New Jersey Storage Incentive Program (NJ SIP), it was designed to considerably expand the amount of energy storage capacity on Grid scale in New Jersey. It focuses directly on demand growth and the limited supply, the main causes of recent speed increases, while at the same time builds up a large part of the future energy of the state.
“This is a crucial moment for the energy landscape of New Jersey,” said NJBPU president Christine Guhl-Sadovy. “The Garden State energy storage program is part of our dedication to tackle the causes of rising electrical rates, which ultimately puts more money into the pockets of New Jersey families. This is not just to achieve our climate goals, it is about making every family affecting their lights and keeping their house comfortably.”
GSSP is a multi-phase program that was designed to implement 2,000 MW of energy storage by 2030, a mandate determined by the Clean Energy Act of 2018. Energy storage systems are crucial for integrating intermittent renewable energy sources such as Zonne-Energie, reinforcement and reducing raster weather. The program is the highlight of two years of extensive involvement of stakeholders, with valuable feedback from a diverse range of experts from the industry, environmental groups and public representatives.
