Modifies certain requirements for transmission-scale energy storage procurement under BPU incentive program.

This bill extends the deadline for the New Jersey Board of Public Utilities to approve incentive awards for transmission-scale energy storage projects from June 30, 2026, to December 31, 2026. It also broadens eligibility requirements for the second tranche of the program, allowing more projects to qualify for financial support. These changes aim to give the board more time to review applications and potentially include a larger pool of applicants without altering the size or duration of the existing 15-year incentive payments. The legislation primarily affects the Board of Public Utilities and energy storage project developers seeking state funding.