A storage project by Arevon.
Gov. Phil Murphy on August 22 signed a bill that officially launches the Garden State Energy Storage Program (GSESP). With A5267 now law, the state will move forward with a competitive procurement process for grid-scale energy storage, while using existing funds and avoiding new costs to ratepayers.
The GSESP program, formerly known as the New Jersey Storage Incentive Program (NJ SIP), is designed to significantly expand the amount of grid-scale energy storage capacity in New Jersey. It directly addresses demand growth and limited supply, the root causes of recent rate increases, while simultaneously building a major part of the state’s clean energy future.
“This is a pivotal moment for New Jersey’s energy landscape,” said NJBPU President Christine Guhl-Sadovy. “The Garden State Energy Storage Program is part of our commitment to addressing the causes of rising electric rates, ultimately putting more money back into the pockets of New Jersey families. This isn’t just about meeting our climate goals, it’s about making sure every family can afford to keep their lights on and their home comfortable.”
GSESP is a multi-phase program designed to deploy 2,000 MW of energy storage by 2030, a mandate established by the Clean Energy Act of 2018. Energy storage systems are crucial for integrating intermittent renewable energy sources like solar, strengthening grid resilience against outages, and reducing carbon emissions. The program is the culmination of two years of extensive stakeholder engagement, incorporating valuable feedback from a diverse range of industry experts, environmental groups and public representatives.