Rutgers University will do an analysis of the state’s energy storage needs and opportunities, under a six-month, $300,000 contract approved Monday by the New Jersey Board of Public Utilities.
The state's Clean Energy Act of 2018, signed by Governor Phil Murphy in May, set goals of 600 megawatts of energy storage by 2021 and 2,000 MW of energy storage by 2030.
“The ability to store energy is critical for our future,” said NJBPU President Joseph L. Fiordaliso. “Energy storage systems will provide emergency back-up power for essential services, offsetting peak loads, and stabilizing the electric distribution system, which ultimately will benefit the ratepayer.”
The Rutgers analysis will consider whether renewable electric energy storage systems would promote the use of electric vehicles in the state, what their impact will be on renewable energy production, and potential costs and benefits of increasing energy storage.