• 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 […]

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