Governor Sherrill Signs Legislation to Accelerate Clean Energy Progress and Expand Energy Storage

March 24, 2026 | nj.gov

A4529/S3819 Modifies certain requirements for transmission-scale energy storage procurement under BPU incentive program. 

The enacted legislation will: 

• Modify project maturity requirements in order to expand the number of projects eligible to receive incentive awards under the second segment of the transmission-scale GSESP, thereby increasing competition among bidders and protecting ratepayers from inflated pricing resulting from a supply-constrained solicitation pool. 

• Extend the deadline, from June 30, 2026, to December 31, 2026, for BPU to approve the first and second segments of incentive awards for eligible transmission-scale energy storage systems under the GSESP. BPU estimates an additional 500 MW would be brought forward due to this change.

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NJ SEED: By enacting A4529/S3819 NJ takes an important step in incentivizing energy storage facilities needed to supplement the overly burdened PJM grid. The state will need to be resourceful, resilient, and creative to remain competitive in the age of AI with its massive drain on energy resources.