Modifies requirements for transmission-scale energy storage procurement under BPU incentive program.
This bill modifies certain requirements for transmission-scale energy storage procurement under the Board of Public Utilities (BPU) incentive program. It extends the deadline for the BPU to approve incentive awards for eligible projects from June 30, 2026, to December 31, 2026. The bill also modifies project maturity requirements to expand the number of projects eligible to receive incentive awards under Tranche 2 of the program.
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