Energy Storage News•4 months ago
New Jersey state government advances 1GW of battery storage in energy affordability push
- •New Jersey regulators have approved the construction of 1GW of battery storage facilities and initiated procurement for additional energy storage resources within the PJM market.
- •This significant state-level action is driven by an 'energy affordability push,' indicating potential for improved grid stability and long-term cost benefits for consumers.
- •The regulatory approval and procurement signal a strong, supportive policy environment for energy storage development, creating substantial opportunities for IPPs and developers in the PJM region.
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