US utility South Jersey Industries (SJI) announced on Monday (19th April) a new comprehensive clean energy plan that will see further investment in hydrogen and fuel cell projects.
SJI has set benchmarks to achieve a 70% carbon reduction of operational emissions and consumption by the year 2030 with a 100% reduction by 2040.
To date, SJI has already made steps towards achieving this goal by securing several hydrogen and fuel cell projects as well as several agreements in the past few months to reduce carbon emissions.
For instance, SJI formed Catamaran Renewables, a joint renewable energy investment venture with Captona, and acquired 7.5MW in high efficiency fuel cell systems with further projects already in development.
In addition to this, a partnership with Atlantic Shores Offshore Wind was created for a green hydrogen pilot program in conjunction with their bid for a wind farm off the coast of southern New Jersey.
To expand on these, SJI is committing at least 25% of annual capital expenditures on sustainability projects.
The company’s investments also include significantly expanding energy efficiency programs, providing consumers new tools to reduce energy consumption and investing in several clean and renewable energy technologies such as green hydrogen and highly efficient fuel cells.
SJI has invested more than $133m in energy efficiency programs, including rebates on high efficiency heating equipment, weatherisation for low-to-moderate-income households and home energy assessments.
The new $216m expansion of those programs will begin in July 2021.
Mike Renna, CEO and President of South Jersey Industries, said, “We are excited by the impact our modern infrastructure will have in helping New Jersey and the region decarbonise.
“We are committed to investing in new technologies that will safely, reliably and affordably deliver low carbon energy to the more than 700,000 families and businesses that we serve across our state.”
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