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NJ Wind Project Could Power up to 1.4 MN Homes (Ind. Report)
Rise Light & Power
Date: 2021-09-22
Queens, New York-based Rise Light & Power, a subsidiary of the LS Power group, is reporting plans to convert a Raritan Bay power station brownfield site in South Amboy into the Outerbridge Renewable Connector, an offshore wind hub to deliver to power for up to 1.4 million homes in the Garden State.

Rise Light & Power last week submitted its Outerbridge Renewable Connector proposal to the New Jersey Board of Public Utilities and PJM Interconnection and is expecting a decision on the plan this year or early in 2022, according to the company release. (Source: Rise Light & Power, PR, mycentaljersey, 21 Sept., 2021) Contact: Rise Light & Power, Clint Plummer, CEO, www.riselight.com; New Jersey Board of Public Utilities, 800-624-0241, www.bpu.stste.nj.us

More Low-Carbon Energy News Rise Light & Power,  Wind,  Offshore Wind,  New Jersey Board of Public Utilities,  


Anbaric Submits NJ Offshore Wind Power Bid (Ind. Report)
Anbaric Development Partners
Date: 2021-09-22
Wakefield, Mass.-based commercial-scale electric transmission and storage systems developer Anbaric Development Partners reports it has submitted a portfolio of 19 offshore wind power transmission projects in New Jersey -- the Boardwalk Power Link projects -- to regional grid operator PJM Interconnection on behalf of the New Jersey Board of Public Utilities (NJBPU).

The submission is in response to PJM Interconnection's April solicitation for delivery of offshore wind energy to the New Jersey power grid. New Jersey is aiming for 7.5 GW of installed offshore wind capacity by 2035. (Source: Anbaric Development Partners, Sept., 2021) Contact: Anbaric Development Partners, (781) 683 0711, www.anbaric.com; New Jersey Board of Public Utilities, 800-624-0241, www.bpu.stste.nj.us

More Low-Carbon Energy News Anbaric Development Partners,  Offshore Wind,  New Jersey Board of Public Utilities,  


New Jersey Clean Energy Startups Funding Announced (Funding)
Commission on Science, Innovation and Technology
Date: 2021-08-09
In Trenton, the New Jersey Commission on Science, Innovation and Technology (CSIT) , through the Clean Tech Seed Grant Program which is funded by the New Jersey Board of Public Utilities (NJBPU), has announced funding to the following organizations to help accelerate development and innovation of clean technologies within New Jersey's economy. The following organizations were funded:

  • Andluca Technologies Inc., located in Princeton, is a spin-out of Princeton University that is developing solar-powered smart glass technology. ($74,969), www.andluca.com

  • Arbela Laboratories, located in Randolph, is creating a methanol-fed Pichia platform designed to increase the scale and reduce the costs of biomanufacturing. ($73,000), www. arbelalabs.com

  • Eion NJ Corporation in Princeton is developing a specialty fine-grained mineral material that rapidly captures and stores carbon dioxide when applied to agricultural soils. ($75,000), www.dnb.com/business-directory/company-profiles.eion_corp.c300f040f3b70cd2ba87f619b617c01b.html

  • Farm to Flame Energy, located in Kearny, provides scalable, end-to-end electricity generation systems using biomass for communities in underdeveloped countries. ($74,995), www.farmtoflameenergy.com

  • Green Blu, located in Hamilton, is developing a solar thermal energy-powered brine separation technology for use in desalination, agriculture, and water industries. ($75,000), www.greenblu.co

  • NextGen Battery Technologies, LLC., located in Somerset, is developing a high-voltage, non-flammable solid-state electrolyte for lithium batteries. ($74,939), www.nextgenbattery.com

  • Princeton NuEnergy, located in Bordentown, is developing a battery recycling technology to recycle and reuse used lithium-ion batteries from electric vehicles, portable electronics, and other energy storage devices. ($75,000) www.pnecycle.com

  • RenewCO2, LLC., located in Cranford, is developing an electrochemical process that converts carbon dioxide to plastic precursors and other value-added chemicals conventionally sourced from fossil fuels. ($75,000), www.renewco2.com

  • SunRay Scientific, LLC., located in Eatontown, is commercializing an advanced material adhesive for use in electronics and semiconductor packaging. ($75,000) www.sunrayscientific.com. (Source: NJEDA, New Jersey Commission on Science, Innovation and Technology, Aug., 2021) Contact: NJEDA, New Jersey Commission on Science, Innovation and Technology, Judith Sheft, Exec. Dir., (609) 858-6700, www.njeda.com/csit

    More Low-Carbon Energy News Clean Energy,  Renewable Energy,  


  • Bioenergy Included in NJ Clean Energy Funding (Funding)
    New Jersey Commission on Science, Innovation and Technology
    Date: 2021-08-09
    In Trenton, the New Jersey Commission on Science, Innovation and Technology (CSIT), through the Clean Tech Seed Grant Program which is funded by the New Jersey Board of Public Utilities (NJBPU), has announced funding to the following organizations to help accelerate development and innovation of clean technologies within New Jersey's economy. The following bioenergy-biotech projects and organizations were funded:

  • Farm to Flame Energy, located in Kearny, provides scalable, end-to-end electricity generation systems using biomass for communities in underdeveloped countries. ($74,995), www.farmtoflameenergy.com

  • Green Blu, located in Hamilton, is developing a solar thermal energy-powered brine separation technology for use in desalination, agriculture, and water industries. ($75,000), www.greenblu.co

  • Arbela Laboratories, located in Randolph, is creating a methanol-fed Pichia platform designed to increase the scale and reduce the costs of biomanufacturing. ($73,000), www.arbelalabs.com (Source: NJEDA, New Jersey Commission on Science, Innovation and Technology, Website PR Aug., 2021) Contact: NJEDA, New Jersey Commission on Science, Innovation and Technology, Judith Sheft, Exec. Dir., (609) 858-6700, www.njeda.com/csit

    More Low-Carbon Energy News Bioenergy,  


  • Battery, Energy Storage Projects Funded in NJ (Funding)
    New Jersey Commission on Science, Innovation and Technology
    Date: 2021-08-09
    In Trenton, the New Jersey Commission on Science, Innovation and Technology (CSIT) , through the Clean Tech Seed Grant Program which is funded by the New Jersey Board of Public Utilities (NJBPU), has announced funding to the following organizations to help accelerate development and innovation of clean technologies within New Jersey's economy. The following battery and energy storage organizations and projects were funded:

  • NextGen Battery Technologies, LLC., located in Somerset, is developing a high-voltage, non-flammable solid-state electrolyte for lithium batteries. ($74,939), www.nextgenbattery.com

  • Princeton NuEnergy, located in Bordentown, is developing a battery recycling technology to recycle and reuse used lithium-ion batteries from electric vehicles, portable electronics, and other energy storage devices. ($75,000)

  • SunRay Scientific, LLC., located in Eatontown, is commercializing an advanced material adhesive for use in electronics and semiconductor packaging. ($75,000) www.sunrayscientific.com. (Source: NJEDA, New Jersey Commission on Science, Innovation and Technology, Aug., 2021) Contact: NJEDA, New Jersey Commission on Science, Innovation and Technology, Judith Sheft, Exec. Dir., (609) 858-6700, www.njeda.com/csit

    More Low-Carbon Energy News Battery,  Energy Storage,  


  • NJ Clean Energy Funding Climate-Carbon Projects (Funding)
    New Jersey Commission on Science, Innovation and Technology
    Date: 2021-08-09
    In Trenton, the New Jersey Commission on Science, Innovation and Technology (CSIT) , through the Clean Tech Seed Grant Program which is funded by the New Jersey Board of Public Utilities (NJBPU), has announced funding to the following organizations to help accelerate development and innovation of clean technologies within New Jersey's economy. The following organizations were funded:
  • Eion NJ Corporation, located in Princeton, is developing a specialty fine-grained mineral material that rapidly captures and stores carbon dioxide when applied to agricultural soils. ($75,000), www.dnb.com/business-directory/company-profiles.eion_corp.c300f040f3b70cd2ba87f619b617c01b.html

  • RenewCO2, LLC., located in Cranford, is developing an electrochemical process that converts carbon dioxide to plastic precursors and other value-added chemicals conventionally sourced from fossil fuels. ($75,000), www.renewco2.com (Source: NJEDA, New Jersey Commission on Science, Innovation and Technology, Aug., 2021) Contact: NJEDA, New Jersey Commission on Science, Innovation and Technology, Judith Sheft, Exec. Dir., (609) 858-6700, www.njeda.com/csit

    More Low-Carbon Energy News CO2,  Carbon Emissions,  CCS,  


  • NJBPU OK's 3,750 MW Solar Incentive Program (Ind. Report)
    New Jersey Board of Public Utilities
    Date: 2021-07-30
    The New Jersey Board of Public Utilities (NJBPU) has approved implementation of the Successor Solar Incentive Program that will pave the way for up to 3,750 MW of new solar generation by 2026, doubling the state's solar capacity. Solar energy is expected to generate approximately 10 pct of the Garden State's total electricity needs once the program is fully implemented.

    The Program contains two sub-programs designed to uplift solar market segments through long-term, tailored incentives for a variety of project types, allowing NJBPU to contain program costs and provide financial certainty for market participants:

  • The Administratively Determined Incentive (ADI) -- a fixed incentive payment for net metered solar projects of 5 MW or less -- including all residential customers and most commercial and industrial buildings and all community solar installations. The incentive value will vary based on project type and size, and will be guaranteed for a term of 15 years.

  • The Competitive Solar Incentive (CSI) -- a competitive solicitation designed to incentivize the lowest financial contribution from ratepayers for grid supply projects and net metered commercial and industrial projects larger than 5 MW. The first competitive process is anticipated to launch in early-to-mid 2022, following additional stakeholder engagement throughout this summer and fall.

    The program will provide one New Jersey Solar Renewable Energy Certificate-II (SREC-II) for every MWh of solar electricity produced by a qualifying facility, with an additional $20/MWh added for public entities -- school districts, municipalities, etc. -- as well as a temporary incentive for projects built on contaminated lands.

    Incentives range from $70-$120/SREC-II, providing continued support for solar development in New Jersey while also offering significant savings over the prior SREC value of approximately $220. (Source: New Jersey Board of Public Utilities, PR, 28 July, 2021) Contact: New Jersey Board of Public Utilities, 800-624-0241, www.bpu.stste.nj.us

    More Low-Carbon Energy News New Jersey Board of Public Utilities,  Solar,  Solar Incnetive,  


  • PSE&G Investing $700Mn in NJ Smart Meter Installations (Ind. Report)
    PSE&G
    Date: 2021-01-11
    The Garden State's largest utility PSE&G reports the New Jersey Board of Public Utilities (NJBPU) has approved the utility's $700 million, 4-year plan to install a communications network and smart meters for its 2.3 million customers.

    The project's first phase well see the deployment of 80,000 smart meters and a communications network for the entire territory this year. PSE&G will ramp up to about 300,000 meters in 2022 and the remaining 1.8 million meters in 2023 and 2024. (Source: PSE&G, PR, 10 Jan., 2020) Contact: PSEG, Ralph Izzo, Pres., CEO, www.pseg.com; New Jersey Board of Public Utilities, 800-624-0241, www.bpu.stste.nj.us

    More Low-Carbon Energy News New Jersey Board of Public Utilities,  PSE&G,  


    Atlantic City Electric Proposes Energy Saving Programs (Ind. Report)
    Atlantic City Electric,New Jersey Board of Public Utilities
    Date: 2020-09-30
    In the Garden State, Atlantic City Electric has proposed numerous energy efficiency programs to the New Jersey Board of Public Utilities (BPU) that offer a range of incentives for energy efficiency upgrades, rebates on energy-efficient products, and a mixture of other offerings to help people use less energy. The programs will help the state's Clean Energy Act energy savings goal and help the state meet its climate goals for a clean and sustainable energy future. According to Atlantic City Electric, every dollar invested in these energy efficiency programs customers will receive nearly $4 in benefits.

    Atlantic City Electric's programs are anticipated to result in more than 6,000 job-years, provide more than $500 million to New Jersey's GDP and support local businesses. Participating businesses can also reduce their operating costs by lowering their energy bills. The programs are expected to significantly cut customer energy demands and reduce CO2 emissions by 1.5 million tpy , SOX emissions by 885 tpy and NOX emissions by 783 tpy. (Source: Atlantic City Electric, Jersey Shore Online, 30 Sept., 2020) Contact: Atlantic City Electric, www.atlanticcityelectric.com; New Jersey Board of Public Utilities, 800-624-0241, www.bpu.stste.nj.us

    More Low-Carbon Energy News Atlantic City Electric,  Energy Efficiency,  New Jersey Board of Public Utilities,  


    NJ Energy Efficiency, Renewables Legislation Advances (Reg.&>Leg.)
    New Jersey Board of Public Utilities
    Date: 2020-07-22
    In Trenton, the New Jersey Clean Energy Equity Act (SB 2484) that creates the Office of Clean Energy Equity within the New Jersey Board of Public Utilities (NJBPU), is reported to have passed the New Jersey Senate Environment and Energy Committee.

    The legislation, which gives low and mid-income community residents equal access to clean energy , would allow $50 million a year for energy efficiency and renewable energy and energy storage projects and technologies totaling more than 400 MW in low-income communities within 10 years. The legislation also requires new construction in low-income communities to be built "solar ready" and recommends the establishment of solar programs to benefit 250,000 low-income households by 2030 as well as clean energy, energy efficiency and energy storage training programs. (Source: NJPUB, Daily Energy Insider, 22 July, 2020) Contact: NJ BPU, Joseph L. Fiordaliso, Pres., 800-624-0241, www.bpu.state.nj.us

    More Low-Carbon Energy News New Jersey Board of Public Utilities,  


    NJBPU OKs Comprehensive Energy Efficiency Program (Ind. Report)
    New Jersey Board of Public Utilities
    Date: 2020-06-15
    The New Jersey Board of Public Utilities (NJBPU) is reporting approval of the next generation of Energy Efficiency and Peak Demand Reduction programs, including the setting of energy consumption reduction targets at 2.15 pct for electric distribution companies and 1.10 pct for gas distribution companies.

    The just announced Board Order provides for the administration of the energy efficiency programs and establishes the mechanisms for the recovery of costs associated with the programs delivery, performance metrics and targets, an evaluation, measurement, verification framework and program filing and reporting requirements. The Order also includes the following energy efficiency related requirements:

  • The state's utilities will administer core, consistent energy efficiency programs that serve the residential, commercial and industrial, and multifamily sectors. These will include programs that serve moderate-income and small commercial customers.

  • Utilities will also be required to propose a peak demand program to start by program year four.

  • The state will continue to administer the Large Energy Users Program (with the exception of hospitals), combined heat and power projects, as well as state and local government programs. The utilities and state will continue to co-manage the low-income Comfort Partners program. The state will also take the lead on related R&D, workforce development initiatives, public education, and community energy planning grants.

  • Program expenses will be amortized over 10 years, which sets energy efficiency investments on a level playing field relative to other utility investments.

  • Over the next several months, staff will work with the utilities and the Division of Rate Counsel to develop a mechanism for the utilities to recover their lost revenue as an option should utilities not wish to utilize the Lost Revenue Adjustment Mechanism as laid out in the order. Further, the Board has instituted a system of incentives and penalties as required by the Clean Energy Act to encourage performance.

  • Staff will develop and distribute a mechanism for stakeholder comments, and recommend a test that will determine program cost-effectiveness in order to comply with the Clean Energy Act. The state will also hire a statewide evaluator to ensure transparency and accountability for state and utility programs.

  • The BPU will conduct a triennial review process to revisit key energy efficiency decisions, such as reviewing and establishing performance metrics and targets, cost recovery mechanisms, program administration and design, and "cost to achieve" budgets, among others, to ensure that the programs are "best-in-class."

    Other program components include enhanced required reporting and measurement for performance incentives and collection of additional information via a recently completed demographic analysis study to determine energy efficiency market barriers to penetration. (Source: NJ BPU, PR, 10 June, 2020) Contact: NJ BPU, Joseph L. Fiordaliso, Pres., 800-624-0241, www.bpu.state.nj.us

    More Low-Carbon Energy News New Jersey Board of Public Utilities,  Energy Efficiency ,  


  • NJ Lifts Ban on At-Home Energy-Efficiency Assessments (Ind. Report)
    New Jersey Board of Public Utilities
    Date: 2020-05-22
    In Trenton, the New Jersey Board of Public Utilities (NJ BPU) is reporting the lifting of a recently imposed, COVID-19 inspired ban on utilities and energy firms entering homes for energy audit and energy efficiency upgrades.

    After the agency sought to limit access to homes, the state's utilities essentially told contractors to end energy-efficiency work to comply with the directive, virtually shutting down programs to curtail energy use. As a result of the shutdown, New Jersey lost an estimated 11,000 or more energy efficiency sector , according to Environmental Entrepreneurs, and others.

    The Murphy administration has touted energy efficiency as a key component of its plans to shift the Garden State to 100 pct clean energy by 2050, but it is lagging behind mandates to require utilities to achieve significant cuts in energy use. (Source: New Jersey Board of Public Utilities, NJ Spotlight, 21 May, 2020) Contact: NJBPU, 800-624-0241, www.bpu.state.nj.us

    More Low-Carbon Energy News New Jersey Board of Public Utilities,  Energy Efficiency,  


    NJ BPU Considering "Straw" Energy Efficiency Proposal (Ind Report)
    New Jersey Board of Public Utilities
    Date: 2020-03-27
    In the Garden State, a new "straw" proposal from the New Jersey Board of Public Utilities is calling for a new comprehensive program aimed at increasing energy efficiency programs and incentives across all sectors of the state’s energy customer base, but particularly focused on low income customers.

    To that end, the proposal suggested: allowing utilities to recover program costs; recovery of lost revenues tied to efficiency programs and earning opportunities for efficiency investments through performance incentives, as tools to align the utility business model with increased energy efficiency; and penalizing the utility's return on equity if it failed to achieve performance standards. (Source: NJ BPU, NJ Spotlight, 25 Mar., 2020) Contact: NJBPU, 800-624-0241, www.bpu.state.nj.us

    More Low-Carbon Energy News New Jersey Board of Public Utilities news,  


    Orsted Selects Rhode Island Offshore Operations Hub (Ind. Report)
    Orsted,Offshore Wind,Deepwater Wind
    Date: 2020-03-16
    Boston-headquartered Orsted US Offshore Wind reports it is establishing an operations "hub" in Rhode Island. As previously reported, Orsted acquired Deepwater Wind of Rhode Island for $510 million in 2018.

    Additionally, as previously reported, Orsted U.S. Offshore Wind operates the Block Island Wind Farm and has been awarded over 2,900 MW of capacity through six projects. In June, 2019, the New Jersey Board of Public Utilities selected Orsted to develop the Garden State's first offshore wind farm 15 miles off the coast of Atlantic City. (Source: Orsted, Newsday, 15 Mar., 2020) Contact: Orsted, Thomas Brostrom, Pres. Orsted North America, CEO Orsted U.S. Offshore Wind, +45 99 55 97 22, www.us.orsted.com/Wind-projects; Deepwater Wind, Jeffrey Grybowski, CEO, (401) 274-2000, www.dwwind.com

    More Low-Carbon Energy News Orsted,  Offshore Wind,  Deepwater Wind,  


    Orsted U.S. Offshore Wind Supports Montclair State University Clean Energy Center (Ind. Report)
    Orsted
    Date: 2020-03-06
    In the Garden State, Montclair State University is reporting Orsted U.S. Offshore Wind is investing $200,000 to support the school's Clean Energy and Sustainability Analytics Center (CESAC) -- a public research, education and technical assistance outreach center -- under a Memorandum of Understanding (MOU).

    Boston-headquartered Orsted U.S. Offshore Wind operates the Block Island Wind Farm and has been awarded over 2,900 MW of capacity through six projects. In June, 2019, the New Jersey Board of Public Utilities selected Orsted to develop the Garden State's first offshore wind farm 15 miles off the coast of Atlantic City, as previously reported. (Source: Montclair State University, PR, 3 Mar.,2020) Contact: Montclair University, Susan Cole, Pres., (973) 655-4000, www.montclair.edu; Orsted U.S. Offshore Wind, www.us.orsted.com/Wind-projects

    More Low-Carbon Energy News Orsted,  Offshore Wind,  


    NJ Announces 7,500 MW Offshore Wind Solicitation (Ind. Report)
    New Jersey
    Date: 2020-03-02
    In Trenton, Garden State Governor Governor Phil Murphy (D) has announced the offshore wind solicitation schedule to meet the 7,500 MW offshore wind goal by 2035 and called upon the New Jersey Board of Public Utilities (BPU) to implement the schedule. Reaching 7,500 MW will generate enough electricity to power more than 3.2 million homes and meet 50 pct of the state's electric power need.

    The proposed schedule calls for the next 1,200 MW solicitation to be opened by September 2020, with an award made by Q2, 2021.

    New Jersey aims to source 50 pct of it energy from renewables by 2030 and achieve a 100 pct clean energy economy by 2050. (Source: Office of Governor Phil Murphy, PR, 28 Feb., 2020) Contact: NJ BPU, www.bpu.state.nj.us

    More Low-Carbon Energy News NJ BPU,  New Jersey Offshore Wind,  Wind,  Offshore Wind,  


    2019 New Jersey Energy Master Plan (Ind. Report Attached)
    New Jersey PUC, Renewable Energy
    Date: 2020-02-14
    In January, the New Jersey Board of Public Utilities (NJBPU) released its 2019 New Jersey Energy Master Plan -- Pathway to 2050 outlining the policies, initiatives and actions the Garden State can take to affordably meet its ambitious 2050 clean energy and decarbonization target of cutting its carbon emissions by 80 pct and power its economy with a 100 pct carbon-neutral renewable energy by 2050.

    For the report, the Rocky Mountain Institute, together with Evolved Energy Research, analyzed six decarbonization pathways that New Jersey could take and summarized the findings and made recommendations for policymakers and the public.

    Download the 2019 nNew Jersey Energy Master Plan -- Pathway to 2050 HERE. (Source: NJPUC, Feb., 2020) Contact: NJBPU, 800-624-0241, www.bpu.state.nj.us

    More Low-Carbon Energy News New Jersey PUC,  Renewable Energy,  


    Utility Reimbursement for Energy Efficiency Prog. Losses (Ind. Report)
    New Jersey Board of Public Utilities
    Date: 2020-02-14
    In the Garden State, a draft proposal from the staff of the New Jersey Board of Public Utilities (NJBPU) is at the core of the agency's efforts to achieve the state's 2018 mandated energy efficiency goals that promote a shift to 100 pct clean energy by 2050 -- a target unlikely to be met without overhauling the NJBPU's energy efficiency programs since the demand for electricity is expected to double by mid-century.

    Under the staff proposal, utilities will be able to recover lost revenues attributable to their energy efficiency programs, as well as programs to reduce peak-time energy consumption -- all of which runs contrary to established utility business models that encourage energy consumption to the point of wastefulness for growth and higher profits.

    The draft proposal is modeled on energy efficiency programs adopted by South Jersey Gas and New Jersey Natural Gas more than a decade ago, so-called limited decoupling. Dubbed Conservation Incentive Programs (CIP), they rely on incentives funded by shareholders to implement conservation programs. The staff draft balances the interests of both the utilities and ratepayers and allows utilities to earn a return on their energy efficiency investments, according to the NJBPU. (Source: New Jersey Board of Public Utilities, NJ Spotlight, 13 Feb., 2020) Contact: New Jersey Board of Public Utilities, 800-624-0241, www.bpu.state.nj.us

    More Low-Carbon Energy News New Jersey Board of Public Utilities ,  Energy Efficiency,  


    NJ BPU Proposes Energy Efficiency Program Framework (Ind Report)
    New Jersey Board of Public Utilities
    Date: 2020-01-22
    In a straw proposal, the New Jersey Board of Public Utilities (BPU) reports it is proposing a framework for how the Garden State can significantly cut electric and gas use and implement 2018 state legislation mandating utilities curb customer electric usage by 2 pct and gas use by 0.75 pct per year.

    The energy efficiency plan proposes that state staff deliver statewide policy programs and goals, particularly those involving governmental entities, and that utilities help achieve goals based on the staff's assumption that utilities are best suited to deliver certain energy efficiency and peak reduction programs. (Source: New Jersey, BPU, Spotlight NJ, 21 Jan., 2020) Contact: New Jersey Board of Public Utilities, 800-624-0241, www.bpu.state.nj.us

    More Low-Carbon Energy News New Jersey Board of Public Utilities ,  


    NJ BPU Solar Transition Incentive Program Now In Force (Ind. Report)
    New Jersey Board of Public Utilities
    Date: 2019-12-20
    On December 6, 2019, the New Jersey Board of Public Utilities (BPU) issued an order effective December 16, 2019, establishing a Solar Transition Incentive Program (TREC), the key provisions of the Order are as follows:
  • The TREC Program will be available to all solar projects that submitted complete SREC Registration (SRP) Applications after October 29, 2018 that have yet to commence operations but otherwise remain in good standing in the SRP pipeline at the time the BPU determines that 5.1 pct of all electricity sold in New Jersey comes from solar generation;

  • All TREC Program projects will generate a factored Transition Renewable Energy Certificate for each MWh of electricity generated;

  • TRECs will be generated for 15 years and will be purchased by a TREC Administrator who will allocate the TRECs amongst the load serving entities;

  • The Clean Energy Act of 2018 established a cap that prohibits the cost of Class 1 RECs (excluding the cost of offshore wind RECs), which includes the TREC, from amounting to more than 9 pct of the total electric sales during Energy Years 2020 and 2021, and amounting to more than 7 pct of total electric sales during subsequent energy years;

  • The TREC is valued at $65 for energy years 2021, 2022 and 2023, and $189 for each remaining energy year of the projects' 15 year TREC eligibility. The BPU will provide further guidance as to whether the TREC value will remain as set forth above or will be changed to a flat $152 for all 15 years of generation eligibility;

  • TRECs may be sold in the energy year (June 1 -- May 31) in which they are generated and the following energy year. If the TREC is not sold within the applicable window, they may be sold as Class 1 RECs.

    The order now provides some certainty to solar developers and will provide a transition program until the BPU establishes a new long-term incentive program. (Source: NJ BPU, Dec., 2019) Contact: New Jersey Board of Public Utilities, 800-624-0241, www.bpu.state.nj.us

    More Low-Carbon Energy News Solar,  Solar Incentive,  New Jersey Board of Public Utilities ,  


  • NJ Offshore Wind Solicitation Goes to Orsted (Ind. Report)
    Orsted,New Jersey Board of Public Utilities
    Date: 2019-06-24
    Sitting in Trenton, the The New Jersey Board of Public Utilities (NJBPU) report it unanimously granted the Garden State's first award for a 1,100 MW offshore wind project to Danish offshore wind farm developer Orsted.

    The 1,100 MW project is expected to generate sufficient electric power for approximately 500,000 New Jersey homes and generate $1.17 billion in economic benefits.

    The project is single largest award for offshore wind in the country to date and marks further progress toward meeting New Jersey's goal of 100 pct clean energy by 2050. (Source: NJBPU, 23 June, 2019) Contact: New Jersey Board of Public Utilities, (800) 624-0241, www.bpu.state.nj.us; Orsted, Martin Neubert, Exex. VP and CEO of Offshore, Daniel Lerup, Inv. Relations, +45 99 55 97 22, danil@orsted.dk, www.orsted.dk

    More Low-Carbon Energy News Orsted,  Offshore Wind,  New Jersey Offshore Wind,  


    New Jersey BPU OK's Offshore Wind Funding Mechanism (Ind. Report)
    New Jersey Board of Public Utilities
    Date: 2019-01-02
    In Trenton, the New Jersey Board of Public Utilities (NJBPU) reports it has green-lighted the adoption of a funding mechanism for the state's offshore wind programme, which targets 3.5 GW by 2030. The Offshore Wind Renewable Energy Certificate (OREC) funding scheme defines the process by which all offshore wind projects will be financed and how revenues will flow back to ratepayers, according to a NJBPU press release.

    The NJBPU also announced the rejection of the up to 25-MW Nautilus pilot offshore wind project in New Jersey waters on the grounds that the project's "unsubstantiated benefits" would be a burden to ratepayers. (Source: New Jersey Board of Public Utilities, Renewables, Dec., 2018)Contact: NJ BPU, www.bpu.state.nj.us

    More Low-Carbon Energy News Offshore Wind,  New Jersey Offshore Wind,  New Jersey Board of Public Utilities ,  


    New Jersey BPU Sinks 25-MW Offshore Wind Demo (Ind. Report)
    New Jersey Board of Public Utilities
    Date: 2018-12-21
    Reporting from Trenton, the New Jersey Board of Public Utilities (BPU) has rejected the application for the up to 25-MW Nautilus pilot offshore wind project in state waters on the grounds that it was too expensive, the project's benefits were "unsubstantiated" and didn't meet conditions for economic and environmental benefits under the state's Offshore Wind Economic Development Act (OWEDA).

    The project, which is being developed by Nautilus Offshore Wind LLC, a partnership between EDF Renewables North America and Atlantic City-based Fishermen's Energy LLC, planned the installation of three MHI Vestas V164-8.3 MW wind turbines about 2.8 miles off the coastline of Atlantic City. The project was planned to come online in 2020. (Source: New Jersey BPU, 18 Dec, 2018) Contact: NJ BPU, www.bpu.state.nj.us; Nautilus Offshore Wind, www.nautiluswind.com

    More Low-Carbon Energy News Nautilus Offshore Wind,  New Jersey Board of Public Utilities ,  Offshore Wind,  


    NJBPU OKs Rutgers Energy Storage Analysis Contract (Ind. Report)
    New Jersey Board of Public Utilities
    Date: 2018-11-02
    In the Garden State, the New Jersey Board of Public Utilities (NJBPU) reports its approval of a 6-month, $300,000 contract under which Rutgers University in New Brunswick, NJ, will perform an analysis of the state's energy storage needs and opportunities.

    The analysis is intended to help the state meet the energy storage targets set by the Clean Energy Act of 2018. To that end, the report will summarize the analysis and discuss and quantify the potential benefits and costs associated with increasing energy storage and distributed energy resources in New Jersey. It will also recommend ways to increase opportunities for energy storage and distributed energy resources in the state. Additionally, the analysis will assess whether the implementation of renewable electric energy storage systems would promote the use of electric vehicles in New Jersey as well as the potential impact on renewable energy production.

    The 2018 Clean Energy Act calls for 600 MW of energy storage by 2021 and 2,000 MW of energy storage by 2030. (Source: NJBPU, Energy Insider, 1 Nov., 2018) Contact: NJBPU, Joseph L. Fiordaliso, Pres., www.bpu.state.nj.us; Rutgers University, www.rutgers.edu

    More Low-Carbon Energy News Energy Storage,  

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