Clean Energy

$750K N.J. grant program focuses on very early stage clean tech companies

Eric Strauss | ROI-NJ

The New Jersey Commission on Science, Innovation and Technology is launching a grant program that could provide as many as 10, $75,000 grants to qualifying companies. The CSIT said in a news release that the $750,000 Clean Tech Seed Grant Program will provide grants up to $75,000 to very early stage, New Jersey-based clean technology companies, with a goal of accelerating development …

Governor Murphy Announces $250 Million Total Investment in State-of-the-Art Manufacturing Facility to Build Wind Turbine Components to Serve Entire U.S. Offshore Wind Industry

Governor's Office | The Office of the Governor of New Jersey

$250 Million, Two-Phased Investment in the Paulsboro Marine Terminal is the Largest Industrial Offshore Wind Investment in the U.S. to Date PAULSBORO – Governor Phil Murphy, alongside EEW, Ørsted, legislators, and members of the building trades, today announced a $250 million investment in a state-of-the-art manufacturing facility to build steel components, known as monopiles, for offshore wind turbines that will …

BIRD Energy to invest $7.5 Million in Cooperative Israel-U.S. Clean Energy Projects

BIRD Energy | Press Release

The total value of the approved projects is $17.4 million in the areas of Batteries, Electric Aircraft, Fuel Cells, Electric Vehicles, Natural Gas, Wind Energy and Energy Efficiency The U.S. Department of Energy (DOE) and Israel’s Ministry of Energy (MoE) along with the Israel Innovation Authority have selected eight clean energy projects to receive $7.15 million under the Binational Industrial …

N.J. awards $6 million for offshore wind, clean energy projects

Justin Auciello | Whyy

New Jersey is spending almost $6 million to train workers for jobs in the wind energy industry and to support young companies that deal in clean energy. The New Jersey Economic Development Authority and the state Board of Public Utilities said Wednesday they have approved two funding agreements. In the first, the state will provide $4.5 million to support workforce …

NJEDA, Rutgers to study disparity on contracts awarded for NJ Wind Port

Emily Bader | ROI-NJ

The New Jersey Economic Development Authority announced on Tuesday it has partnered with Rutgers University to find out if there are any discrepancies in the contracts it has awarded in relation to the New Jersey Wind Port. “The New Jersey Wind Port will not only protect our environment by growing our green energy sector, but will also benefit New Jersey businesses and workers by creating …

NJEDA approves $12M in investments through Angel Investor Tax Credit program

Emily Bader | ROI-NJ

In the first half of 2020, 14 businesses in New Jersey’s technology, life sciences and clean energy sectors were selected to receive a combined $12.3 million from 50 investments approved through the New Jersey Economic Development Authority’s Angel Investor Tax Credit Program. The Angel Investor Tax Credit Program provides investors refundable tax credits against qualified investments for New Jersey businesses. It supports …

Wind Port project, where towering turbines could be made, looks like game-changer for Garden State, renewable energy companies

Brett Johnson | ROI-NJ

New Jersey’s economic officials hope their plans for a renewable energy windfall will arrive when it’s most needed. Although the idea of locally growing the offshore wind power sector was floated before the pandemic’s disastrous impact, the state’s attempt to make itself central in the industry’s supply chain with the proposed New Jersey Wind Port has brought the promise of …

Governor Murphy Announces Plan to Develop the New Jersey Wind Port

Alex Altman | Office of the Governor

$300-400 Million Green Infrastructure Project Will Be The Biggest Investment in Salem County in a Generation and Has The Potential to Create Up to 1,500 jobs and $500 Million in Economic Activity TRENTON – Governor Phil Murphy today announced plans to develop the New Jersey Wind Port, a first-in-the-nation infrastructure investment that will provide a location for essential staging, assembly, …

Attracting Tech Companies – A NJ Success Story

Joe Cavaluzzi | New Jersey Business Magazine

Best-educated workforce, IT infrastructure, strong base of life sciences and fintech talent drawing companies to the Garden State. New Jersey boasts the highest concentration of scientists and engineers per square mile in the United States – tied with Massachusetts. Add numerous technology partnerships with top universities and a growing number of community college and high school, vocational tech, and advanced …

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