Energy

This bill modifies permit review requirements under New Jersey's Coastal Area Facility Review Act to address nuclear energy facilities. It requires the Department of Environmental Protection Commissioner to evaluate whether a nuclear facility's radioactive waste storage and disposal methods are safe, comply with Nuclear Regulatory Commission standards, and do not endanger life or the environment. Currently, the commissioner only assesses waste disposal, but this change expands the review to include storage methods as well. The bill applies specifically to nuclear energy generation facilities operating in the state. No fiscal impact is expected from this legislative change.

This bill modifies how New Jersey's Board of Public Utilities procures and incentivizes large-scale energy storage systems, primarily affecting developers and utilities seeking to build transmission-scale storage facilities. It establishes a two-phase program requiring projects to meet specific readiness milestones, such as completing interconnection studies with PJM or securing capacity rights, while setting a goal of awarding incentives for at least 1,000 MW of storage capacity by December 2026. The legislation also outlines application requirements, including proof of site control, permit acquisition plans, financial capability, and safety assurances, with a requirement that at least 350 MW be approved in the first phase by December 2025.