New Jersey’s Board of Public Utilities released an update to its proposed Storage Incentive Program that changes how the subsidies for utility-scale projects are determined as the state shoots for 2,000 MW of total capacity by 2030.

Even after a series of public hearings on New Jersey's proposed storage incentive program, debate remains over whether utilities should be allowed to own storage projects.

PSEG told the NJ BPU that utilities should play a greater role in owning and operating storage facilities than the one allowed under a proposal by the agency.

The N.J. BPU outlined a proposal to stimulate the development of standalone storage capacity by offering incentives for grid-scale and consumer-level projects.