Requires study of ocean energy potential; directs BPU to establish wave and tidal energy generation goals and take other action to establish NJ as nationwide leader in ocean energy.

This bill requires New Jersey's Board of Public Utilities (BPU) and Department of Environmental Protection to conduct a comprehensive study within 30 days of enactment on the feasibility of wave and tidal energy. The study must evaluate environmental, economic, and grid impacts, explore credit programs like WRECs (similar to solar credits), and identify project approval criteria. Within three months, the BPU and DEP must submit a report with recommendations to the Governor and Legislature to advance ocean energy development. The bill directly affects New Jersey's clean energy planning, aiming to position the state as a national leader in ocean energy while supporting its 2050 clean energy goals. It does not mandate immediate implementation but sets the foundation for future policy.