Direct BPU to establish certain incentive programs for energy storage and management.**

Summary

The legislation orders the Board of Public Utilities (BPU) and electric utilities to set up a distributed capacity program that will develop 500 megawatts of battery storage across New Jersey by 2030. It requires utilities to file implementation plans, meet size and performance standards, and report annually, while giving the BPU authority to set requirements, approve plans, and limit cost recovery if targets are missed. The program includes extra incentives for storage located in overburdened or low‑income communities.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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