Directs EDA to establish New Jersey Energy Independence Bank.

This bill establishes the New Jersey Energy Independence Bank as an independent subsidiary of the New Jersey Economic Development Authority (EDA). It renames the existing New Jersey Green Bank (created in April 2024) as the Energy Independence Bank and transfers its staff, funds, and assets to this new entity. The bank will provide financing, loan guarantees, or other financial support for eligible projects like renewable energy facilities, energy storage, efficiency upgrades, and electric vehicle infrastructure - excluding direct residential lending. It must operate separately from the EDA, maintain its own board (with majority independent members), and cannot guarantee state obligations. This directly affects developers and businesses seeking capital for qualifying clean energy projects across New Jersey.