US EditionN.J. Launches Energy Storage Program to Lower Long-Term Costs, Strengthen Power Grid
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N.J. launches energy storage program to lower long-term costs, strengthen power grid
The New Jersey Board of Public Utilities approved on June 20 the first phase of the Garden State Energy Storage Program. This effort, formerly known as the New Jersey Storage Incentive Program, is designed to expand the amount of grid-scale energy storage capacity in New Jersey. This program intends to address demand growth and limited supply, the causes of recent rate increases, while simultaneously building a major part of the state’s clean en…
The global energy storage market is about to reach new heights by 2025. Despite policy changes and uncertainty in the world’s two largest markets, the US and China, the sector continues to grow as developers drive ever-larger projects on a public service scale. Since 2024, the construction of gigawatt-hour projects has been launched or initiated not only in the US and China, but also in Saudi Arabia, South Africa, Australia, the Netherlands, Chi…
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