Energy Storage
The New Jersey Board of Public Utilities (“BPU” or “Board”) hereby gives notice of a series of virtual stakeholder meetings to discuss the New Jersey Energy Storage Incentive Program (“NJ SIP”) Straw Proposal (“Straw”) attached to this Notice.
The State of New Jersey has one of the most ambitious storage targets in the nation, with a statutory mandate to achieve 2,000 megawatts (“MW”) of installed energy storage by 2030. Energy storage resources are critical to increasing the resilience of New Jersey’s electric grid, reducing carbon emissions, and enabling New Jersey’s transition to 100% clean energy. The NJ SIP described in this Straw will build a critical foundation for a long-term energy storage effort in the State.
In this Straw, Board Staff proposes to create two energy storage programs for Front-of-Meter and Behindthe-Meter energy storage incentives, both patterned after the solar-plus-storage program proposed in the Board’s Competitive Solar Incentive (“CSI”) Program.2 However, while the CSI Program is designed to incentivize solar-plus-storage projects, this Straw will focus on incentivizing stand-alone energy storage devices physically connected to a New Jersey electric distribution company (“EDC”). Staff proposes to apply the incentives only to energy storage projects placed into service after the effective date of the Board Order establishing this program would qualify for incentives.
The stakeholder meetings will be held at the following dates and times, and in the following manner:
| Meeting Date |
Purpose and Registration Link |
| Friday, Oct 21, 2022 (9AM-12PM EDT) | Meeting 1 provided an overview of this Straw, a summary of energy storage in New Jersey to date and discussed use cases, including bulk storage and distributed storage. The meeting also reviewed how other states are handling energy storage in their programs and the potential for energy storage as an enabler of grid modernization. Meeting Materials: Presentation and Webinar Recording |
| Friday, Nov 04, 2022 (9AM-12PM EDT) | Meeting 2 explored the portions of the NJ SIP focusing on Grid Supply storage, with a focus on economic drivers for investment and operation of energy storage systems, including the various components of the value stack and how those components can be monetized and accessed. The meeting also discussed the potential use of the PJM marginal carbon intensity signal to drive investment in energy storage and incentivize operating projects to maximize carbon emission reductions. Meeting Materials: Presentation and Webinar Recording |
| Monday, Nov 14, 2022 (9AM-12PM EST) |
Meeting 3 will explore how to best implement the NJ SIP at the distribution level, including how New Jersey’s EDCs should establish distribution price signals and how to maximize the benefits of energy storage to facilitate investment in distributed energy resources (“DER”). The emerging role of the DER Aggregator will be discussed relative to energy storage asset enrollment and management. |
Held Via Webinar
Please note that these meetings will be conducted virtually. You must register for the meeting before attending. Please register for any or all of the sessions at least 48 hours prior to the scheduled date. If you want to reserve a speaking opportunity, please designate this during the online registration process. After registering, you will receive a confirmation email containing information about joining the meeting and information about checking your system requirements in advance of the meeting. Stakeholders should check their access devices in advance of the meeting to ensure that they will properly connect.
Questions on this stakeholder process may be directed to Jim Ferris at jim.ferris@bpu.nj.gov.
All public comments should be filed under Docket No. QO22080540. The deadline for written public comments is 5 p.m. EST on Monday, December 12, 2022. Please submit comments directly to the specific docket listed above using the “Post Comments” button on the Board’s Public Document Search tool. Comments are considered “public documents” for purposes of the State’s Open Public Records Act and any confidential information should be submitted in accordance with the procedures set forth in N.J.A.C. 14:1-12.3.
Written comments may also be submitted to:
Acting Secretary of the Board
44 South Clinton Ave.,
1st Floor
PO Box 350
Trenton, NJ 08625-0350
Phone: 609-913-6241
Email: board.secretary@bpu.nj.gov