NJ Battery Incentives Archives - Sentinel Solar https://sentinelsolar.energy/category/nj-solar-policy/nj-battery-incentives/ New Jersey Solar Source Sun, 21 May 2023 11:09:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Coal-fired power plant in NJ imploded. Clean energy to replace it. https://sentinelsolar.energy/coal-fired-power-plant-in-nj-imploded-clean-energy-to-replace-it/ https://sentinelsolar.energy/coal-fired-power-plant-in-nj-imploded-clean-energy-to-replace-it/#comments Fri, 02 Dec 2022 12:29:56 +0000 https://sentinelsolar.energy/?p=20794 December 2, 2022 -- Coal is officially gone from NJ! The last two coal-fired power plants in NJ have been retired and both sites are planned to host battery storage projects.

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Coal-fired power plant in NJ imploded. Clean energy to replace it.

December 2, 2022

Coal is officially gone from NJ! The last two coal-fired power plants in NJ have been retired and both sites are planned to host battery storage projects. The first step to this transition was to demolish the Logan Generation Plant.

The writing’s been on the wall for coal for many years but it’s still powerful to witness the end of coal in NJ in this most tangible way. It’s equally powerful that the last two sites of coal-fired power plants are planned to host grid-scale batteries.

In one of our recent posts about the new CEO of PSEG, we opined on the future of centralized vs distributed energy generation and the role that utilities will play in the future as home solar and batteries become more common. This looks to be one step in that direction with the deployment of utility-scale batteries which can store power and dispense it to the grid during times of peak usage or can inject power into the grid when needed to stabilize it. The other half of that equation is a network of distributed home solar and batteries that can work together with the grid to provide the same value. We’re not quite there yet, but we’re right on the cusp.

Learn more about whether your home is a good candidate for home solar and batteries with a free solar assessment or contact us to learn more about how Sentinel helps homeowners evaluate their home energy options.

Here’s a link to the original article where you can watch the implosion of the Logan Generating Plant.

Coal-fired power plant in NJ imploded. Clean energy to replace it.

December 2, 2022

Coal is officially gone from NJ! The last two coal-fired power plants in NJ have been retired and both sites are planned to host battery storage projects. The first step to this transition was to demolish the Logan Generation Plant.

The writing’s been on the wall for coal for many years but it’s still powerful to witness the end of coal in NJ in this most tangible way. It’s equally powerful that the last two sites of coal-fired power plants are planned to host grid-scale batteries.

In one of our recent posts about the new CEO of PSEG, we opined on the future of centralized vs distributed energy generation and the role that utilities will play in the future as home solar and batteries become more common. This looks to be one step in that direction with the deployment of utility-scale batteries which can store power and dispense it to the grid during times of peak usage or can inject power into the grid when needed to stabilize it. The other half of that equation is a network of distributed home solar and batteries that can work together with the grid to provide the same value. We’re not quite there yet, but we’re right on the cusp.

Learn more about whether your home is a good candidate for home solar and batteries with a free solar assessment or contact us to learn more about how Sentinel helps homeowners evaluate their home energy options.

Here’s a link to the original article where you can watch the implosion of the Logan Generating Plant.

Have a question about the clean energy transition and how homeowners can participate with home solar and batteries? Send us a message and we’ll answer ASAP.

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Have a question about the clean energy transition and how homeowners can participate with home solar and batteries? Send us a message and we’ll answer ASAP.

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There was an error trying to send your message. Please try again later.

The post Coal-fired power plant in NJ imploded. Clean energy to replace it. appeared first on Sentinel Solar.

]]> https://sentinelsolar.energy/coal-fired-power-plant-in-nj-imploded-clean-energy-to-replace-it/feed/ 49 Nearly 4% of U.S. homes have solar panels installed https://sentinelsolar.energy/nearly-4-of-u-s-homes-have-solar-panels-installed/ https://sentinelsolar.energy/nearly-4-of-u-s-homes-have-solar-panels-installed/#comments Fri, 28 Oct 2022 12:21:00 +0000 https://sentinelsolar.energy/?p=20793 October 28, 2022 -- Nationwide nearly 4% of homes have installed solar. However, the percentage of solar still varies significantly by region and state.

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Nearly 4% of U.S. homes have solar panels installed

October 28, 2022

The US Energy Information Administration (EIA) has announced that in 2020, 3.7% of single-family homes in the US generated electricity from solar. However the percentage on a regional basis varies widely with the west at 8.9%, northeast at 4.7%, south at 1.7% and midwest at 1.4%.

Have we reached a tipping point? In certain states, the answer is yes but many others are further away from mass adoption. The Inflation Reduction Act will accelerate the adoption of solar by homeowners across the country, moving us closer to the tipping point in many states.

Why is this important?

One of the barriers to adoption of solar is the value it adds to a home. While studies have shown that solar increases the value of a home by an average of 4.1%, the greater the adoption of solar, the better mechanisms we’ll have to assess the value of a solar, providing homeowners another way to recoup a solar investment in addition to energy savings and other incentives.

Read our full article on how solar impacts the value of a home or get started with a free solar assessment.

Here’s a link to the original article.

Nearly 4% of U.S. homes have solar panels installed

October 28, 2022

The US Energy Information Administration (EIA) has announced that in 2020, 3.7% of single-family homes in the US generated electricity from solar. However the percentage on a regional basis varies widely with the west at 8.9%, northeast at 4.7%, south at 1.7% and midwest at 1.4%.

Have we reached a tipping point? In certain states, the answer is yes but many others are further away from mass adoption. The Inflation Reduction Act will accelerate the adoption of solar by homeowners across the country, moving us closer to the tipping point in many states.

Why is this important?

One of the barriers to adoption of solar is the value it adds to a home. While studies have shown that solar increases the value of a home by an average of 4.1%, the greater the adoption of solar, the better mechanisms we’ll have to assess the value of a solar, providing homeowners another way to recoup a solar investment in addition to energy savings and other incentives.

Read our full article on how solar impacts the value of a home or get started with a free solar assessment.

Here’s a link to the original article.

Have a question about the adoption of solar? Send us a message and we’ll answer ASAP.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Have a question about the adoption of solar? Send us a message and we’ll answer ASAP.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

The post Nearly 4% of U.S. homes have solar panels installed appeared first on Sentinel Solar.

]]> https://sentinelsolar.energy/nearly-4-of-u-s-homes-have-solar-panels-installed/feed/ 45 New Jersey proposes energy storage incentives to reach 2GW deployment target https://sentinelsolar.energy/new-jersey-proposes-energy-storage-incentives-to-reach-2gw-deployment-target/ https://sentinelsolar.energy/new-jersey-proposes-energy-storage-incentives-to-reach-2gw-deployment-target/#comments Wed, 05 Oct 2022 11:39:30 +0000 https://sentinelsolar.energy/?p=20792 October 5, 2022 -- New Jersey will incentivize batteries. Learn more about this first step to hit the state's battery goals.

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New Jersey proposes energy storage incentives to reach 2GW deployment target

October 5, 2022

The New Jersey Board of Public Utilities has proposed policies to promote and incentivize the installation of batteries. Split between essentially large scale and small scale batteries, the program will provide incentives to residential battery owners based on the ability of a utility to operate the battery to both stabilize and provide power to the grid.

Most tend to think of batteries as being able to provide backup power to a home in the event of a power outage. While this is certainly one of the major functions that batteries provide, batteries can provide other value to the grid and grid operators – for example injecting power into the grid to stabilize it or to reduce spikes in electricity demand.

Programs that harness the power of many small residential batteries, known as virtual power plants (VPPs), are currently being piloted. We believe that in the future, most homes will have a battery and be subscribed to a VPP program that will allow homeowners to buy or sell electricity, but also to be compensated by the grid operator in return for use of their battery to help stabilize the grid.

Home solar and batteries are the first step in the energy revolution.  See if they’re right for you by getting started with a free solar assessment.

Here’s a link to the original article or you can read the full text below. Please check back for important updates to this developing program.

The New Jersey Board of Public Utilities has proposed a number of policies to incentivise the deployment of standalone energy storage, to help hit a 2GW target.

The US state has statutory mandates for deployment, of 600MW by the end of 2021 and 2,000MW by 2030, though only 497MW has been deployed and 420MW of that is a pumped hydro facility (as fas as the Board is aware).

But, it said, energy storage investments that would save bill-payers money often do not get built because developers “…generally can only monetise a fraction of the benefits they produce”.

The Board is proposing to create separate energy storage programmes creating incentives for front-of-meter (FTM) and behind-the-meter (BTM) energy storage projects connected to New Jersey’s electric distribution companies (EDC).

The incentives will only apply to projects going online after the programme is implemented. FTM and BTM are being grouped into two market segments; Grid Supply and Distributed/Customer Level, respectively.

At least 30% of the incentive will be in the form of a fixed annual incentive, paid in US$/kWh of energy storage capacity continent on up-time performance metrics, the Board said.

It will be established through a declining block structure to establish a market-based incentive while also providing the industry clear insights into the incentive value for energy storage resources. There will be different pricing structures for each market segment.

The remainder of the incentive programme will be a pay-for-performance mechanism.

For Grid Supply projects, payment will be based on the amount of carbon emissions abated through operation of the energy storage device. This will be calculated using the marginal carbon intensity of the wholesale electric grid (set by grid operator PJM) at the time the energy is discharged, minus the carbon intensity of the energy drawn during the charging interval.

In essence, this means the more renewable load shifting that the energy storage unit does, the more it will be paid. While energy storage units today do as much as 6GWh of load shifting a day in the California market as of February, little of this has been shifting renewables.

For the Distributed/Customer Sited segment, payment will be based on the successful injection of power into the distribution system when called upon by the EDC during certain performance
hours. A portion of the Distributed storage incentive will also be reserved for projects located in or directly serving overburdened communities.

Eligibility for the incentive programmes will be technology-neutral and based only on meeting functional
requirements in a cost-effective manner, the Board added.

The Board is also proposing that private investors be allowed to own and operate the energy storage devices, allowing them to stack revenues from multiple sources.

These would include the wholesale electricity market for Grid Supply projects and, for the Distributed segment, utilising energy storage to actively manage their energy usage to reduce electricity costs or to participate in a Distributed Energy Resource (DER) aggregation service.

The programme is designed to provide ratepayers in the state with a variety of benefits, the Board said. These include carbon savings, hosting capacity improvements and improving system resilience.

Read the whole Straw Proposal, contained in the ‘In the matter of the New Jersey Energy Storage Incentive Program’ notice here.

New Jersey proposes energy storage incentives to reach 2GW deployment target

October 5, 2022

The New Jersey Board of Public Utilities has proposed policies to promote and incentivize the installation of batteries. Split between essentially large scale and small scale batteries, the program will provide incentives to residential battery owners based on the ability of a utility to operate the battery to both stabilize and provide power to the grid.

Most tend to think of batteries as being able to provide backup power to a home in the event of a power outage. While this is certainly one of the major functions that batteries provide, batteries can provide other value to the grid and grid operators – for example injecting power into the grid to stabilize it or to reduce spikes in electricity demand.

Programs that harness the power of many small residential batteries, known as virtual power plants (VPPs), are currently being piloted. We believe that in the future, most homes will have a battery and be subscribed to a VPP program that will allow homeowners to buy or sell electricity, but also to be compensated by the grid operator in return for use of their battery to help stabilize the grid.

Home solar and batteries are the first step in the energy revolution.  See if they’re right for you by getting started with a free solar assessment.

Here’s a link to the original article or you can read the full text below. Please check back for important updates to this developing program.

The New Jersey Board of Public Utilities has proposed a number of policies to incentivise the deployment of standalone energy storage, to help hit a 2GW target.

The US state has statutory mandates for deployment, of 600MW by the end of 2021 and 2,000MW by 2030, though only 497MW has been deployed and 420MW of that is a pumped hydro facility (as far as the Board is aware).

But, it said, energy storage investments that would save bill-payers money often do not get built because developers “…generally can only monetise a fraction of the benefits they produce”.

The Board is proposing to create separate energy storage programmes creating incentives for front-of-meter (FTM) and behind-the-meter (BTM) energy storage projects connected to New Jersey’s electric distribution companies (EDC).

The incentives will only apply to projects going online after the programme is implemented. FTM and BTM are being grouped into two market segments; Grid Supply and Distributed/Customer Level, respectively.

At least 30% of the incentive will be in the form of a fixed annual incentive, paid in US$/kWh of energy storage capacity continent on up-time performance metrics, the Board said.

It will be established through a declining block structure to establish a market-based incentive while also providing the industry clear insights into the incentive value for energy storage resources. There will be different pricing structures for each market segment.

The remainder of the incentive programme will be a pay-for-performance mechanism.

For Grid Supply projects, payment will be based on the amount of carbon emissions abated through operation of the energy storage device. This will be calculated using the marginal carbon intensity of the wholesale electric grid (set by grid operator PJM) at the time the energy is discharged, minus the carbon intensity of the energy drawn during the charging interval.

In essence, this means the more renewable load shifting that the energy storage unit does, the more it will be paid. While energy storage units today do as much as 6GWh of load shifting a day in the California market as of February, little of this has been shifting renewables.

For the Distributed/Customer Sited segment, payment will be based on the successful injection of power into the distribution system when called upon by the EDC during certain performance
hours. A portion of the Distributed storage incentive will also be reserved for projects located in or directly serving overburdened communities.

Eligibility for the incentive programmes will be technology-neutral and based only on meeting functional
requirements in a cost-effective manner, the Board added.

The Board is also proposing that private investors be allowed to own and operate the energy storage devices, allowing them to stack revenues from multiple sources.

These would include the wholesale electricity market for Grid Supply projects and, for the Distributed segment, utilising energy storage to actively manage their energy usage to reduce electricity costs or to participate in a Distributed Energy Resource (DER) aggregation service.

The programme is designed to provide ratepayers in the state with a variety of benefits, the Board said. These include carbon savings, hosting capacity improvements and improving system resilience.

Read the whole Straw Proposal, contained in the ‘In the matter of the New Jersey Energy Storage Incentive Program’ notice here.

Have a question about the future of batteries or battery incentive programs? Send us a message and we’ll answer ASAP.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Have a question about the future of batteries or battery incentive programs? Send us a message and we’ll answer ASAP.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

The post New Jersey proposes energy storage incentives to reach 2GW deployment target appeared first on Sentinel Solar.

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