February 3, 2003—The New Jersey Board of Public Utilities (NJBPU) recently approved $2.7 million in public and private funding to develop renewable energy markets, businesses, and technologies in the State of New Jersey.
Funding for the projects will be provided through a competitive solicitation from the New Jersey Clean Energy Program. The solicitation process is expected to be completed by April 2003. Proposals will be accepted from both public and private sector organizations with a commitment to business development. NJBPU is seeking to fund proposals for research, business development, commercialization, and technology demonstrations of innovative products and services that will advance the delivery of renewable energy systems to the marketplace.
Eligible technologies include photovoltaic, wind energy, fuel cells that use renewable fuels, wave, tidal, renewably generated hydrogen, and sustainably harvested biomass. Grants will range from $25,000 to $500,000 per year.
For more information, contact NJBPU.
