Clean Energy Transition

Clean Tech Research and Development Voucher Program: Provides early-stage cleantech/clean energy companies with access to core facilities, equipment, and maker spaces at participating universities or government labs for clean energy/clean technological research and development. The program aims to increase awareness, access, and utilization of New Jersey’s equipment and facilities, and subsidize the costs for small NJ-based companies developing innovative technologies in the clean energy/clean tech space. Eligible applicants can apply for multiple vouchers up to $25,000 within a 12-month period, and the program will fund technology development projects from basic research to integrated pilot system demonstration, focused on areas such as energy generation, transportation, and water and agriculture.

New Jersey Clean Energy Loans: NJ CELs: Provides loans ranging from $250,000 to $10 million for small businesses seeking to finance clean energy projects for projects requesting a total loan amount of $500,000 to $20 million. The program aims to support the state’s energy transition, unlock capital for small businesses and startups, and promote participation from minority-, woman-, and veteran-owned businesses. 

New Jersey’s Clean Energy Program – Combined Heat and Power: Offers financial incentives for Combined Heat & Power (CHP) and Fuel Cell (FC) installations. To be eligible, CHP or Waste Heat to Power (WHP) projects must have an annual system efficiency of at least 60% (Higher Heating Value – HHV) while Fuel Cell systems must have an annual electric system efficiency of at least 40% (HHV).