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
BESS
Technology
NJ
Location
Deal Details
- Deal Type
- Power Purchase & Offtake
- 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
- Source
- Utility Dive
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