New Jersey legislation · 2026-2027 Regular Session
New Jersey A4529: Transmission-scale energy storage procurement-modifies cert requirements
Status: Signed into law, March 24, 2026
Modifies certain requirements for transmission-scale energy storage procurement under BPU incentive program.
What the bill says
An Act concerning the procurement of transmission-scale energy storage and amending P.L.2025, c.136. Jersey: 1. Section 2 of P.L.2025, c.136 (C.48:3-121.3) is amended to read as follows: 2. a. (1) The Board of Public Utilities shall establish a program to procure and provide incentive awards for the development of transmission-scale energy storage systems with a reasonable likelihood of successful and timely completion. The board shall solicit applications for the program established pursuant to this section in an initial Tranche 1 and in Tranche 2, pursuant to paragraph (2) of this subsection.
From the chaptered text, March 24, 2026:
An Act concerning the procurement of transmission-scale energy storage and amending P.L.2025, c.136. Jersey: 1. Section 2 of P.L.2025, c.136 (C.48:3-121.3) is amended to read as follows: 2. a. (1) The Board of Public Utilities shall establish a program to procure and provide incentive awards for the development of transmission-scale energy storage systems with a reasonable likelihood of successful and timely completion. The board shall solicit applications for the program established pursuant to this section in an initial Tranche 1 and in Tranche 2, pursuant to paragraph (2) of this subsection. The board may place an eligible project that does not receive an incentive award for Tranche 1 or Tranche 2 on a waiting list and consider the eligible project for an incentive award during a subsequent tranche. (2) By no later than [June 30] [ADDED: December 31] , 2026, the board shall approve incentive awards for eligible projects totaling at least 1,000 MW AC in installed capacity. However, at least 350 MW AC of the 1,000 MW AC procurement goal shall be approved in incentive awards for eligible projects in Tranche 1 by no later than December 31, 2025. If the board is unable to procure all 1,000 MW AC in installed capacity in Tranche 1, the board shall approve incentive awards for eligible projects in Tranche 2, provided …