Deals Counterparts

New Jersey Board of Public Utilities (NJBPU)

company 1 Deal 1 Partner

The New Jersey Board of Public Utilities (NJBPU) is a state government agency regulating utility services in New Jersey, including electric, natural gas, water, wastewater, and telecommunications. It oversees and advances the state's clean energy goals, energy efficiency programs, and electric vehicle infrastructure development.

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Founded 1911 Parent: State of New Jersey
Government AgencyGovernmentRegulator

Strategic Overview

  • Committed to achieving New Jersey's clean energy goals, including 100% clean energy by 2035 and 11 GW of offshore wind by 2040.
  • Actively promotes energy efficiency, electric vehicle infrastructure, and grid modernization through various programs and regulatory approvals.
  • Oversees the regulation of all public utility services in New Jersey, ensuring safe, adequate, and proper service at reasonable rates.

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Deal Activity from Public Sources

NJBPU approves third offshore wind solicitation for up to 4 GW of capacity
Development Offshore Wind USA October 2023 4000 MW
NJBPU approves Atlantic Shores Offshore Wind Project 1 (1,510 MW)
Development Offshore Wind USA July 2023 1510 MW with Atlantic Shores Offshore Wind
NJBPU approves Ocean Wind II (1,348 MW) project
Development Offshore Wind USA July 2023 1348 MW with Ørsted
NJBPU approves $1.3 billion in utility energy efficiency programs for 2024-2026
Financing Energy Efficiency USA July 2023
NJBPU approves $20.8 million for electric vehicle charging infrastructure projects
Financing EV Charging USA May 2023
Awarded 1,510 MW offshore wind project by New Jersey Board of Public Utilities (NJBPU) for the Atlantic Shores Offshore Wind Project 1.
Development Offshore Wind United States June 2021 1510 MW with Atlantic Shores Offshore Wind

Investment Focus

Technologies
Storage1
Geography
USA1

Key People

Christine Guhl-Sadovy
Acting President
Mary-Anna Holden
Commissioner
Dianne Solomon
Commissioner
Zenon Christodoulou
Commissioner
Robert Gordon
Commissioner

Track Record

113
Years Active

Detailed Analysis

Sectors
UtilitiesEnergy TransitionDigital/Telecom
Geographies
USA
Technologies
Offshore Wind (3 deals)Solar PVBattery StorageEV Charging (1 deal)TransmissionEnergy Efficiency (1 deal)
Deal Stage
GreenfieldBrownfieldOperating

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Track New Jersey Board of Public Utilities (NJBPU)