Energy storage is the missing link to New Jersey’s clean energy future. The capacity to store the energy from sunshine for use at night or to save power from wind to use when the air is still remains the key to transforming the state’s energy system and attaining Gov. Phil Murphy’s vision for a more sustainable New Jersey.
To jump-start the development of energy storage, PSE&G is proposing to spend $180 million on a variety of projects that would spur the development of energy storage resources in New Jersey. The proposal calls for building 35 megawatts of storage capacity over six years, creating about 300 jobs per year and representing a significant step toward realizing Governor Murphy’s target of 2,000 megawatts of energy storage by 2030.
PSE&G has built several energy storage facilities in conjunction with solar projects. The most recent is a collaborative effort with the Borough of Pennington that will keep the town’s Department of Public Works building running for an extended period the next time a Sandy-like storm knocks out power. Similar collaborations have taken place at the municipal wastewater treatment facility in Caldwell, Hopewell Valley Central High School in Pennington and Cooper University Medical Center in Camden.
PSEG already is New Jersey’s largest developer of solar energy. We have invested nearly $2 billion to develop solar facilities in New Jersey and around the United States.
Energy storage enables better integration of renewable energy onto the electric grid, provides resiliency for critical infrastructure and enables electric lines to handle greater capacity during times of peak electric use.
Our proposed energy storage program would aid solar development, boost capacity on select electric lines and potentially defer the need for distribution system upgrades. It also would help us better manage power outages, reduce peak demands at substations that are under construction and allow critical facilities to maintain a reliable supply of electricity during extended power outages. Finally, the PSE&G energy storage proposal could help public sector facilities manage costs by reducing electric use at peak times.