State puts together $55 million fund for CHP and fuel cells
The state is looking to hand out up to $55 million in grants to encourage the building of combined heat and power systems and fuel cells to help business and industrial customers drive down their energy costs.
The program, a top priority of the Christie administration’s Energy Master Plan, is soliciting applications through June 25, 2012. It is being overseen by the New Jersey Economic Development Authority and the state Board of Public Utilities. Up to $20 million will be allocated in the first award. (Johnson, NJ Spotlight)