New Jersey could get 2GW of storage to help reach 50% renewables target
New Jersey is the latest US state to set itself targets for the deployment of energy storage, with newly passed legislation calling for 600MW of the technology within three years.
A bill, S2314/A3723, passed last week as one of three sustainability and low carbon measures for the state going forward, calls on the New Jersey Public Utilities Board to analyse the costs and potential benefits of energy storage as well as making revisions for community solar, energy efficiency, peak demand reduction and solar renewable energy certificate programmes.
Local independent system operator PJM Interconnection is famed in the energy storage world as the first local transmission organisation in the US to favour clean, fast-acting batteries to provide frequency response in a competitive market. PJM has been instructed to conduct analysis with the Public Utilities’ Board.
Six months after the creation of a report, the Utilities’ Board should “initiate a proceeding to establish a process and mechanism for achieving the goal of 600 megawatts of energy storage by 2021 and 2,000 megawatts of energy storage by 2030,” a Senate Budget and Appropriations Committee statement issued earlier this month read. The report itself must be put together one year after the passing of the bill, giving a possible 18 month lead time from this month until deployments must begin.
Required analysis
The PJM-Utility Board analysis must consider a range of metrics and possible values for energy storage. These include:
