New Jersey seeks 150 megawatts of behind-the-meter storage, offering maximum annual incentives of $200 per kilowatt for 10 years.

New Jersey is seeking 150 megawatts of behind-the-meter energy storage to support a virtual power plant. Behind-the-meter systems are located on the customer side of the utility meter, while a virtual power plant coordinates distributed energy resources.

The program offers maximum annual incentives of $200 per kilowatt. The incentive period is 10 years, preserving separate units for power capacity—kilowatts or megawatts—and program duration.

State regulators said the comparatively modest maximum reflects the “private resilience value of residential energy storage systems.” The source does not state that all 150 megawatts have been contracted or installed.

No individual project sizes, battery-energy capacity in megawatt-hours, award recipients or installation schedule were provided. The 150-megawatt figure is therefore a procurement target for power capacity, not a confirmed operating fleet.