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 study on wave and tidal energy potential within 12 months of a pilot project. The study must evaluate environmental impacts, economic benefits, grid reliability, and potential incentive programs (like renewable energy credits) to support ocean energy development. It directs the BPU to establish goals for wave and tidal energy as part of the state's clean energy strategy, aiming to position New Jersey as a national leader. The findings will be reported to the Governor and Legislature within 15 months, with recommendations for future policy actions. This affects state energy planning and future development of ocean-based renewable energy infrastructure.