Utility Dive•about 1 month ago
New Jersey announces 355-MW storage procurement, solicits 645 MW more
Key Takeaway
New Jersey's aggressive clean energy mandates are creating substantial new development and investment opportunities in battery storage and community solar within the PJM market.
AI Summary
- •New Jersey regulators are actively expanding clean energy, procuring 355 MW and soliciting an additional 645 MW of battery storage, creating immediate development opportunities.
- •A substantial 3 GW expansion of the community solar program, including 300 MW on landfills, signals significant new project potential for solar developers.
- •These policy-driven initiatives in New Jersey (PJM territory) indicate a strong market signal for renewable energy and storage investment, impacting future grid reliability and energy procurement strategies for large consumers.
Topics
capacity-marketfinancinginterconnectpjmpolicysolarstorage