The US state of New Jersey has approved an incentive program to promote its grid-scale energy storage capacity. The Garden State Energy Storage Program (GSESP), formerly known as the New Jersey Storage Incentive Program (NJ SIP), is a multi-phase program designed to deploy 2,000 MW of energy storage by 2030, following the Clear Energy Act of 2018. Phase 1 of the program expects to quicky add new energy storage systems to the grid, by procuring at least 1 GW of larger projects directly connected to the main power grid through competitive bidding with two tranches: the first of 350-750 MW, and the second to procure the remaining capacity to complete the 1 GW of the phase.
Phase 2 will focus on incentives (both fixed and performance based) for smaller energy storage systems connected to local distribution grids, including both "in front of the meter" (grid-connected) and "behind the meter" (residential or commercial) systems. A third phase is being evaluated, and it may introduce a performance-based incentive for transmission-scale systems. The initiative will be funded through the New Jersey Clean Energy Program (NJCEP) budget.
The State of New Jersey originally aimed to reach 11 GW of offshore wind capacity by 2040.
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