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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 $20 billion in public and private investment in the solar industry and over $95 million of additional funding through RGGI to support more clean energy programs.

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 for deploying solar and wind onsite.

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

Program and Incentives for Clean energy

Angel Investor Tax Credit Program
Catalyst R&D Voucher Pilot Program
Clean Tech Seed Grant Program (Round 2)
Edison Innovation Fund
NJ Accelerate
NJ Founders & Funders
NJ Ignite
NJ Innovation Evergreen Fund​ (NEW)
NJ ZIP
SBIR/STTR Direct Financial Assistance Program (CSIT)
Technology Business Tax Certificate Transfer (NOL) Program
Venture Fund Investments

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

We are a clean energy state

Related NEWS

Additional resources

Organizations

Our Team

Bill Penders
Managing Director
Strategic Sector Development
wpenders@njeda.com
609-731-0974
victoria carey
Manager – Clean Energy Programs
862-872-3312
vcarey@njeda.com
Alex hydrean
Manager – Clean Energy Programs
609-658-2270
ahydrean@njeda.com
Jonathan ratner
Senior Advisor-Clean Energy Programs
973-855-3457
jratner@njeda.com
Olivia Barone
Project Officer – Clean Energy Programs
609-477-4102
obarone@njeda.com
Fatou jobe
Project Officer – Clean Energy Programs
973-855-3453
fjobe@njeda.com