Translator Disclaimers
Please join us on April 7, 2014 from 10:00 AM – 2:00 PM in the Board Room at the Economic Development Authority, located at 36 West State Street in Trenton.

As you may already know, New Jersey recently submitted its Substantial Amendment to the State’s Action Plan for the Second Allocation of CDBG-DR Funds (Action Plan 2) to the US Department of Housing and Urban Development (HUD). Action Plan 2 contains a new section to fund infrastructure projects as highlighted in the President’s Hurricane Sandy Rebuilding Task Force Report. This Action Plan 2 submittal to HUD includes a $210 million budget for the development of an Energy Resilience Bank (ERB).

The mission of the proposed ERB is to improve and increase the energy resilience for New Jersey’s critical facilities through the financing of distributed generation projects. While the actual structures and establishment of the ERB will be based on approval from HUD, we would like to initiate a discussion to get input and comments from stakeholders on the structure of the ERB and how the ERB will coordinate with and complement existing programs.

To that end, the State is holding a half day workshop to bring together representatives from companies that have experience developing distributed generation projects, and that might be interested in securing financing from the Energy Resilience Bank in the event that HUD approves the State’s Action Plan. Our goal is to work over the coming months to be in position to present the ERB structure to our Boards if and when HUD approves the ERB proposal. Staff from the USDOE, BPU,EDA, and DEP will present a draft of the preliminary bank designs and structures, including bank products, eligibility, the application process, and how it will complement and support existing programs before soliciting your comments on how this preliminary design might be improved to maximize energy efficiency and resiliency benefits at critical facilities.

The topics that will be covered include:
  • Introduction to the ERB
  • Overview of resilient DG technologies
  • Overview of preliminary ERB design including products, eligibility, and application process
  • Questions and answers
  • Breakout sessions by technology type to hear lessons learned from past programs as well as opportunities and challenges facing the ERB

Distributed generation developers are encouraged to attend, including companies that are involved in the design, construction, financing, and management of distributed generation projects involving technologies such as combined heat and power (CHP), fuel cells, and solar with off grid inverters and storage systems.

As space will be limited, please RSVP through the link below. Attendance will be on a first come, first served basis. This meeting is also being set up as a Webex/Goto Meeting and you are invited to participate remotely given the limited space.

Please register