For the first time, New Jersey’s clean energy program is proposing that it hand out money to energy-storage projects, which are viewed by many experts as a crucial element in helping technologies like solar and wind become more successful.
In a straw proposal developed in the Office of Clean Energy at the New Jersey Board of Public Utilities, the staff is suggesting that the state allocate between $5 million and $10 million over the next four years for energy storage. The proposal says it may award up to $2.5 million in state fiscal year 2014. Over four years, the total could rise to $10 million.
