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Clean Energy / Green Finance

Why choose new jersey for clean energy?

Committing New Jersey to a path of 100% clean energy and growing the clean energy economy are core priorities for the State. That’s why Governor Murphy’s 2018 Economic Development Plan identifies clean energy as a focus sector for the State.  

We are committed to

100%

Clean Energy by 2050

Under the Murphy Administration, New Jersey has taken bold steps to accelerate our transition to a cleaner future. We’ve  committed to 100% clean energy use by 2050, becoming one of only six states in the nation with an energy storage target (2,000 MW by 2030). We are also actively supporting the roll-out of 330,000 zero emission vehicles (ZEVs) on our roads by 2025 through our “Partnership to Plug-in”.

These commitments are backed by significant public and private funding for clean energy projects and businesses. For example, since 2001 the New Jersey Board of Public Utilities (NJBPU) has invested more than $7 billion in Clean Energy Programs. We’ve also seen more than $9 billion in public and private investment in the solar industry, including over $700 million in 2018 alone. 

All of this adds up to one thing: New Jersey is a clean energy state. That’s why over 700 clean energy companies call NJ home, why we’re #1 in the Northeast in installed solar capacity, and why we’re the # 3 state in the country for ease of procuring renewable energy

Whether you are focused on supporting the roll-out of clean energy projects today or you’re trying to create the next generation of clean tech innovations for tomorrow, NJEDA’s Clean Energy / Green Finance team is here to support and partner with you. We support businesses across a wide range of technology areas including: energy efficiency, solar, battery storage, offshore wind and vehicle electrification. Our Team collaborates closely with other state agencies, including the NJBPU, the Department of Environmental Protection(DEP), and the Department of Labor and Workforce Development(LWD) to support the whole-of-government approach to the clean energy sector. 

See below for more information on New Jersey’s clean energy sector, available programs and resources, and exciting sector developments.

Focus Areas

We are a clean energy state

To get New Jersey right, we must both grow
our economy and make it fair.
Investing in clean energy does both.

— Phil Murphy | Governor of New Jersey

Program and Incentives for Clean energy

Angel Investor Tax Credit Program
Clean Tech Seed Grant Program
Edison Innovation Fund
NJ Accelerate
NJ CoVest Fund
NJ Founders & Funders
NJ Ignite
NJ ZIP
SBIR/STTR Direct Financial Assistance Program (CSIT)
Technology Business Tax Certificate Transfer (NOL) Program
Venture Fund Investments

Related NEWS

Additional resources

Organizations

Several organizations offer incentives and assistance programs to encourage businesses to develop clean energy technologies and for businesses and institutions “going green”.

Our Team

Brian Sabina

BRIAN SABINA

Senior Vice President
Economic Transformation

609-858-6756
bsabina@njeda.com

PALLAVI MADAKASIRA

Director, Sector Lead

609-960-5443
PMadakasira@njeda.com

JONATHAN RATNER

Clean Energy/Green Finance Officer

973-855-3457
jratner@njeda.com

FATOU JOBE

Project Officer
Economic Transformation

973-855-3453 
Fjobe@njeda.com