New Jersey’s first storage award went to three projects totalling 355 MW

GSESP Tranche 1 awarded capacity by project (MW), March 2026
Source: NJBPU, Modo Energy
Note: Tranche 1 of the Garden State Energy Storage Program, awarded by the NJ Board of Public Utilities on March 4, 2026, from 11 final bids. Incentive is a fixed payment over a 15-year term, contingent on ~90% annual availability. Marker size is proportional to awarded capacity. Locations are approximate (town level).
MODOENERGY