Applications are no longer being accepted for the FY2015 Renewable Electric Storage Competitive Solicitation. Please check back here periodically for further information.
New Jersey’s Clean Energy Program and interested stakeholders have begun discussions on continuing the initiative for the renewable energy sector involving incentives for energy storage. A new proposal for incentives would offer prescriptive rebates versus an award through a competitive solicitation. The idea is to store electricity generated by renewable sources so it can be used at other times when electric demand peaks, or during power outages. Any electric storage project incentives approved by the state would be limited to those that are integrated with renewable energy systems
One of the priorities of the initiative is to allocate funding to projects that can be completed in one year. The other priority of the program is to focus on directing money to electric storage projects that will help critical facilities* continue to operate even if the traditional power grid experiences widespread outages. This issue has been a driving force in reshaping clean energy policies since Hurricane Sandy.
*"Critical facilities” means public facilities, including federal, state, county or municipal facilities, non-profit and/or private facilities, including hospitals and communication centers determined to be Tier I or critical infrastructure facilities by the Office of Emergency Management and/or Office of Homeland Security and Preparedness.
A stakeholder group was formed to discuss concepts for the incentive program. If you would like to join the Electric Storage listserv to receive meeting information and other program data, please make that request here.
The initial Electric Storage Proposal was issued on January 28, 2014. Comments submitted are compiled in this document. A summary of the results of a February 2014 Request for Information survey on proposed energy storage projects and opinions on the electric storage program can be found here.
The Second Straw Proposal for the FY15 Electric Storage Competitive Solicitation was issued July 25, 2014 and comments submitted are compiled in this document.
The Board approved incentive awards from the FY 2015 competitive soliciation via Board Order issued 03-18-15.
Staff and the Market Managers convened stakeholders to discuss the results from the FY 2015 solicitation toward the development of an incentive program for FY 2016. The straw proposal issued May 7, 2015 can be found here.
Performance-based Regulation Market in PJM
- Presentation on July 29, 2014 to the NJ Energy Storage Working Group by Eric Hsia, Manager, Performance Compliance
- PJM report "Performance Based Regulation: Year One Analysis"dated 10-12-13. This report addresses the specific impacts that Performance Based Regulation had on PJM operations, markets and settlements.
Please visit the Energy Storage Meeting page for more information.