Clean Energy Solutions Large Scale CHP-Fuel Cells (LSCHP-FC) Program
The New Jersey Economic Development Authority is pleased to announce the re-launch of the Large Scale CHP-Fuel Cells (LSCHP-FC) Program. Funded by the New Jersey Board of Public Utilities (BPU), and jointly developed by the EDA and BPU, the program is designed to support the development, design, and construction of high efficiency Combined Heat and Power (CHP) and Fuel Cell (FC) projects in New Jersey.
The LSCHP-FC Program (http://www.njeda.com/lschp-fc) offers project-based grants to New Jersey-based Government, (Federal, State, or Local), Commercial, Institutional or Industrial entities (including 501 c (3)) with a Combined Heat and Power (CHP) or Fuel Cell (FC) project with electric generating capacity of greater than one megawatt.
The grant award will be a function of the system size and amount of electricity that the CHP-Fuel Cells project generates. Total LSCHP-FC Program awards cannot exceed $3 million per project with maximum percent of project cost capped at 30% for CHP and 45% for Fuel Cell Projects.
The Clean Energy Solutions LSCHP-FC Program is an open grant program. Applications will be reviewed on a first-come, first-serve basis. For more information on this program, please contact Product Development or Paul Ceppi, who will serve as the Business Development lead on this program.
The New Jersey Economic Development Authority (EDA) is an independent State agency that serves as the State’s bank by financing small and mid-sized businesses, administering tax incentives to retain and grow jobs, revitalizing communities through redevelopment initiatives, and supporting entrepreneurial development by providing access to training and mentoring programs. For more information on EDA’s products and services, please visit www.njeda.com.