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Panel urges swift launch of New Jersey Storage Incentive Program as committee hears BPU and industry
Summary
Board of Public Utilities staff presented the NJSIP 2024 straw proposal to the Assembly Telecommunications and Utilities Committee, outlining a 2,000 MW by 2030 goal and a first‑year funding figure; industry witnesses urged greater emphasis on behind‑the‑meter projects, long‑term contracting and faster interconnection.
The New Jersey Board of Public Utilities told a legislative committee that the board’s proposed New Jersey Storage Incentive Program (NJSIP) is intended to accelerate energy‑storage deployment, improve reliability and lower long‑term costs for ratepayers. "My name is Sofia Deloslich, and I'm the acting director of government affairs at the board," BPU staff said in opening remarks, presenting the straw proposal and its comment schedule.
BPU staff described the program’s objectives and design features, including a stated goal to deploy 2,000 megawatts of energy storage by 2030 and a first‑year funding allocation referenced in testimony as $46,000,000. Staff said incentives would be available for both front‑of‑meter (grid‑supply) and behind‑the‑meter…
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