- The New Jersey Board of Public Utilities on Monday released a draft planthat aims to help the state achieve 100% clean energy by 2050, relying on a mix of electrification, renewables, energy storage, nuclear energy and grid modernization.
- In the near-term, the plan calls for developing 600 MW of energy storage by 2021 and deploying 330,000 light-duty electric vehicles by 2025.
- New Jersey joins a growing list of states that have committed to carbon-free energy. Its plan leaves the door open for nuclear power and in April the state approved up to $300 million in annual subsidies for nuclear plants owned and operated by the state’s largest utility, Public Service Enterprise Group (PSEG).New Jersey’s plan will focus on seven strategies:
- Reducing emissions and energy consumption in the transportation sector
- Accelerating deployment of renewables and distributed resources
- Maximizing efficiency and reducing peak demand
- Reducing energy use and emissions from buildings
- Grid modernization efforts
- Incentives for local generation and community energy planning
- Expanding the state’s Clean Energy Job Training program and the clean energy economy
“The strategies set forth in this draft plan will foster economic growth […]