Energy Storage News•7 days ago
New Jersey Senators advance bill to incentivise customer-sited energy storage installations
Key Takeaway
New Jersey's move to incentivize BTM energy storage signals a growing market and financial support for distributed energy resources, creating actionable opportunities for developers and large power consumers within the PJM territory.
AI Summary
- •New Jersey's Senate Environment and Energy Committee has advanced legislation to establish an incentive program for behind-the-meter (BTM) energy storage installations.
- •This policy initiative is expected to significantly boost the deployment of customer-sited storage projects across New Jersey.
- •The incentive program creates new market opportunities for energy storage developers and offers large power consumers enhanced financial viability for resilience, demand charge management, and energy arbitrage strategies.
Topics
financingpjmpolicystorage