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NJ Policy |
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New Jersey has the opportunity to take a leadership role in the commercialization of hydrogen fuel and the build out of its corresponding infrastructure. Whether state policies and resources should be directed to such an effort is a question ripe for consideration. The implications of action or inaction in terms of costs, benefits and alignment with state policies and institutions should be evaluated. The quality and breadth of stakeholder involvement will influence this analysis.
Accordingly, New Jersey policymakers and other stakeholders should decide whether to encourage hydrogen fuel and fuel cell commercialization. Based on population density, current industry demographics, and other advances in alternative energy technology, New Jersey may be in a good position to start capturing the benefits of hydrogen’s use as a fuel. New Jersey stakeholders can determine whether or not state policies should be focused more on hydrogen fuel, or develop new initiatives in energy, economic development and environmental policy to encourage the commercialization of a hydrogen fuel infrastructure. Current energy resources, their consumption in New Jersey and the environmental impact of their use in the state must be taken into consideration to determine whether hydrogen can lead to improvements. Identifying companies engaged in the nascent hydrogen economy and those companies likely to benefit from it will help determine whether this sector of the New Jersey economy should be specifically nurtured.
Finally, New Jersey’s research institutions both in universities and in the private sector can also play a role in growing a hydrogen economy. These strategic initiatives may be appropriate for New Jersey and can form the building blocks of a focused policy in the Garden State for hydrogen fuel commercialization and infrastructure build out.
NJ Incentives and Laws Relating to Alternative Fuels
Renewable Portfolio Standard
DSIRE
Interconnection Standards and Net Metering
Low Emission or Alternative Fuel Bus Acquisition Requirement
Combined Heat and Power
Zero Emission Vehicle Tax Exemption
Alternative Fuel Infrastructure Program
Alternative Fuel Vehicle Rebate Program
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