New Jersey’s Board of Public Utilities released an update to its proposed Storage Incentive Program that changes how the subsidies for utility-scale projects are determined as the state shoots for 2,000 MW of total capacity by 2030.

New Jersey’s BPU needs to enhance and sharply target its Storage Incentive Program if the agency wants to stimulate development in overburdened communities.

The New Jersey Board of Public Utilities’ effort to limit ratepayer costs of its incentive plan to stimulate the development of storage has run into concerns.

States need to fund, shape and incentivize projects that contribute to their emission-reduction goals, a speaker told New Jersey’s Clean Energy Conference.

The N.J. BPU outlined a proposal to stimulate the development of standalone storage capacity by offering incentives for grid-scale and consumer-level projects.