Requites BPU to establish distributed energy storage programs.*

This bill requires New Jersey's Board of Public Utilities (BPU) and electric utilities to establish programs developing 500 megawatts of battery storage capacity statewide by 2030. It mandates utilities to file implementation plans with the BPU, including specific requirements like minimum storage size, incentives for overburdened communities, and provisions to ensure low-income customers benefit. The program aims to improve grid stability, reduce interconnection times, and lower system costs for ratepayers. Utilities must submit annual reports to demonstrate compliance, and the BPU can disallow cost recovery if targets aren't met.