With its eye on clean energy alternatives, the utility will sell its 6,750-megawatt-generating portfolio to newly formed subsidiaries of private equity firm ArcLight Energy Partners Fund VII LP.

The congressional proposal calls for tax breaks up to 30% of the costs domestic manufacturers shell out for building components like blades, towers, nacelles, foundations, gearboxes, generators and related equipment.

The announcement comes just a day after news that the company was awarded $75,000 under New Jersey's Clean Tech Send Grant Program to develop a battery-recycling technology for lithium-ion batteries.

Eduardo Llorente is an internationally experienced operations and business development energy executive with broad and deep management experience in multiple forms of clean energy.

Ten firms (we've got the list) will be able to use the cash to pay for efforts toward the proof of concept and prototyping stages, allowing them to capture investment dollars to take their product off the ground.

Morris Plains and East Brunswick will be just the first locations, as the grocer expects to launch 50 additional across the Northeast by the end of the year.

Melissa Orsen - No. 5 on NJBIZ's 2021 Law Power 50 list - will be the first female to oversee the utility in the role. She steps up to the post on Aug. 1, following the retirement of her predecessor, Dave Robbins.

The investment, led by Silicon Valley Bank, will fund a 110-megawatt national portfolio of projects across North Carolina, South Carolina, Maine, Illinois, Virginia and Maryland. 

The funding from the Neighborhood Revitalization Tax Credit Program, which was announced in coordination with the state’s Department of Community Affairs, will be used for projects aimed at improving housing and economic development opportunities.

The deal will help the company expand and deliver on its goal of building a sustainable future, and will enhance its ability to provide sustainable solutions to growing waste challenges.

Deborah Affonsa will be in charge of leading, planning and managing the transformation of the utility's overall customer experience.

The number of solar, wind and other clean energy projects is rising across the state, but weaknesses in existing utility grid connections could crimp New Jersey’s ability to utilize renewable, or green power.