FinancingAwardedMarch 17, 2026

Garden State Energy Storage Program — 355 MW BESS across 3 projects in New Jersey

NJ Board of Public Utilities awarded Garden State Energy Storage Program incentives to three transmission-connected BESS projects totaling 355 MW: Jupiter Power's Woods Landing Storage (200 MW, Sayreville), Elevate Renewables' Two Rivers/Garden State Reliability Project (150 MW, Bergen County), and North America Energy Storage Corp (5 MW). Both Jupiter Power and Elevate Renewables are ArcLight Capital Partners portfolio companies. Ratepayer savings estimated at $169M over program life. BPU simultaneously opened a solicitation for an additional 645 MW.

Deal Value

355MW

Capacity

Battery Storage

Technology

NJ

Location

Deal Details

Deal Type
Procurement
Seller / Sponsor
Jupiter Power; Elevate Renewables; North America Energy Storage Corp
Buyer / Financier
New Jersey Board of Public Utilities
Offtaker
New Jersey ratepayers
Stage
Development
ISO/RTO
PJM

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