Requires electric service providers to integrate energy storage systems into long-term planning process.

New Jersey Assembly Bill A524 requires electric service providers (including utilities, power suppliers, and basic generation providers) to integrate energy storage systems into their long-term grid planning processes. The bill directs the Board of Public Utilities (BPU) to establish rules for procuring these systems within 180 days, ensuring grid reliability, reducing peak demand generation needs, and avoiding unnecessary infrastructure investments. Providers must submit data on potential storage installations, include cost/benefit analyses in planning, and ensure systems do not compromise grid safety. The law allows private ownership of storage systems and exempts existing cost-effective projects approved before the bill's effective date.