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Committee releases measure to encourage transmission-scale energy storage after contested hearing
Summary
The committee favorably released a committee substitute for S4289, a bill to incentivize transmission-scale energy storage. Supporters cited potential ratepayer savings; critics urged further study on costs and modeling assumptions.
The Senate Budget and Appropriations Committee on June 9 favorably released a committee substitute for S4289, legislation that would direct and incentivize procurement of transmission-scale energy storage in New Jersey.
Supporters — including clean-energy trade groups, developers and industry consultants — told the committee storage could lower capacity market costs and provide system reliability. Pamela Frank of American Clean Power presented modeling that estimated savings to…
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