As New Jersey begins its long-awaited build-out of energy and battery storage for electricity, the healthcare sector can look down the road for potential benefits and opportunities. Although Phase 1 of the program is designed for large scale generation, it will set the framework and serve as a blueprint for healthcare facilities to add another value stream to being energy self-sufficient when the program moves into Phase 2 in 2026. As summarized in this recently published Client Alert by Greenbaum partners Barbara Koonz and Ken Sheehan, Phase 2 is when medium and large-scale energy users may find even more reason to bring batteries on-site beyond just keeping the lights on.
Launch of Garden State Energy Storage Program by BPU Brings Potential Future Opportunities for Healthcare Facilities