 |
| Share this page
|
|
|
January 23, 2013
Christie
Administration Launches New CHP/Fuel Cell Program
In support of the
Christie Administration’s commitment
to a greener and more affordable
use, management and development of
energy in the state, the New Jersey
Economic Development Authority (EDA)
and the New Jersey Board of Public
Utilities (BPU) launch the second
iteration of the Large Scale
Combined Heat and Power (CHP)/Fuel
Cell Program. The rolling grant
program, which follows a competitive
program introduced last April, will
support CHP and standalone fuel cell
projects serving commercial,
institutional and industrial
customers in New Jersey.
“By increasing energy efficiency for
businesses and reducing energy costs
for all New Jersey ratepayers, this
program represents a win-win for New
Jersey’s economic and environmental
future,” said EDA Chief Executive
Officer Michele Brown. “The six
projects approved under the
competitive program will not only
create hundreds of new construction
jobs and leverage more than $67
million of total investment in New
Jersey’s economy, but also will
reduce carbon dioxide emissions by
85,695 tons annually.”
The rolling grant program launched
is available to support CHP or
standalone fuel cell projects with
an electric generating capacity of
greater than one megawatt (MW). New
Jersey-based government (federal,
state or local), commercial,
institutional or industrial entities
advancing these projects are
eligible. CHP systems greater than
one MW with waste heat utilization
must achieve annual system
efficiency of at least 65 percent of
the lower heating value; fuel cell
projects greater than one MW without
heat recovery must achieve annual
system efficiency of at least 45
percent of the higher heating value.
“The BPU is committed to support
CHP/Fuel Cell projects as outlined
in Governor Christie’s Energy Master
Plan. These on-site power generation
technologies increase energy
efficiency and reduce demand on the
electric grid,” said Bob Hanna,
President of the New Jersey Board of
Public Utilities. “As was evident
during Hurricane Sandy, businesses
and institutions that have invested
in CHP have solid advantages during
power outages.”
Grants through the program will be
awarded under a tiered incentive
structure based on the system size
and amount of electricity that the
project generates, with a maximum
award of $3 million per project.
Total state and/or federal funding
cannot exceed 50 percent of the
total project cost. Funding can be
used for project-specific, fixed
asset purchases. The tiered
incentive structure is as follows:
CHP Projects
Greater than 1 MW to 3 MW: $0.55 per
watt
Greater than 3 MW: $0.35 per watt
Maximum Incentive: $3 million
Maximum Percent of Project Cost: 30%
Fuel Cell Projects
Greater than 1 MW: $2.00 per watt
with Waste Heat Utilization
Greater than 1 MW: $1.50 per watt
without waste heat utilization
Maximum Incentive: $3 million
Maximum Percent of Project Cost: 45%
The EDA will accept program
applications beginning January 16,
2013. There is a two-part
application process for this open
solicitation: applicants must first
complete a technical application; if
found to be technically eligible,
the EDA’s standard online
application must then be completed.
Both applications can be accessed
via www.njeda.com/lschp-fc.com. In
addition to the online submission,
applicants should send two copies of
requested documentation on a CD-Rom
or USB flash drive to the following
address:
Large Scale CHP-Fuel Cells
Application
New Jersey Economic Development
Authority
36 West State Street
P.O. Box 990
Trenton, NJ 08625
All complete applications meeting
technical requirements will be
reviewed and scored on a first come,
first serve basis. Those
applications meeting the minimum
score requirement will subsequently
undergo financial and business due
diligence. Questions regarding this
solicitation should be submitted to
lschp-fc@njeda.com.
|
|
|
|
 New Jersey Business |
 |
- Dorfman: Do Nothing stocks can often get a lot done
While the Do Nothing Club is a somewhat frivolous idea, there is a point behind it.
Sunday, May 19, 2013
- Many Hurricane Sandy insurance claims closed without payment, data shows
Six months out from the Oct. 29 storm, the industry’s closure rate looks impressive: 95 percent of New Jersey’s Sandy claims had been closed. But a Star-Ledger review of state data shows that nearly one out of every four closed claims resulted in no payment to a policyholder
Sunday, May 19, 2013
- Adubato: Empathy, compassion keys to connecting with others
How many of us are turned off because we say hello to someone who doesn’t respond. We are convinced they are rude when in fact they may have a “19-year-old son on life support.”
Sunday, May 19, 2013
- Get With The Plan: Paying for college, retirement, within reach
Strategies to make paying for college and funding retirement a successful duel-goal
Sunday, May 19, 2013
- Biz Brain: What a revocable trust can do for you
When it makes sense to use a revocable trust
Sunday, May 19, 2013
|
|
|
|
|
|
|
