Combined Heat & Power and Fuel Cells
One of the goals of the State of New Jersey is to enhance energy efficiency through on-site power generation with recovery and productive use of waste heat, and to reduce existing and new demands to the electric power grid. The Board of Public Utilities seeks to accomplish this goal by providing generous financial incentives for Combined Heat & Power (CHP) and Fuel Cell installations.
Incentives are available through two paths:
- Commercial & Industrial CHP and Fuel Cells systems fueled by non-renewable sources, such as natural gas and hydrogen, or mixed fuel sources, such as biogas and natural gas.
- Renewable Energy Biopower systems for technologies that produce electricity using a 100% renewable supply of organic material (biomass)
Learn more about the technology and benefits of Combined Heat & Power, with specific examples of application in local governments. You may also find this PowerPoint presentation helpful which has recently been shown to customers and trade allies.
NJ Energy Resilience Bank Now Accepting Applications 10.20.14
As part of the Christie Administrations's continuing efforts to minimize the impact of future major power outages and increase energy resiliency, the State announced the launch of the New Jersey Energy Resilience Bank (ERB), the first public infrastructure bank in the nation to focus on energy resilience. Certain market sectors looking to install distributed generation, such as CHP or Fuel Cells, with a focus on resiliency/back up power, may apply for financial assistance through the ERB in lieu of New Jersey's Clean Energy Program (above). Utilizing $200 million through New Jersey's second Community Development Block Grant-Disaster Recovery allocation, the ERB will support the development of distributed energy resources at critical facilities throughout the state that will enable them to remain operational during future outages. To read the press release about ERB, click here.
To learn more about the Energy Resilience Bank and the program's guidelines, financial products, requirements and access to the intake application view their website, or by contact them at (866) 534-7789.