Breakthrough Technologies Institute - Fuel Cells 2000
Breakthrough Technologies Institute - Fuel Cells 2000
Breakthrough Technologies Institute - Fuel Cells 2000
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7. EMERGING BUSINESS SUPPORT<br />
Renewable Energy Business Venture Assistance Program<br />
www.njcleanenergy.com/media/REBVAP_FAQ_121205_1.pdf<br />
New Jersey's Renewable Energy Business Venture Assistance Program provides grants<br />
and recoverable grants for the development of businesses, technologies, services and<br />
market infrastructure in support of the state's renewable energy industry. Eligible<br />
technologies include photovoltaics, wind energy, renewably-fueled fuel cells, wave<br />
energy, tidal energy, renewably-generated hydrogen, sustainably-harvested biomass,<br />
landfill gas and other technologies that can demonstrate their integral nature to the<br />
development of renewable-energy technologies, such as "Balance of System"<br />
technologies.* The program budget is approximately $5 million; individual awards range<br />
from $50,000 to $500,000. There is a 25% cost-share requirement.<br />
Half of the program's funding supports a demonstration grant program that promotes the<br />
development, deployment and demonstration of renewable-energy projects. These<br />
projects should evaluate the scientific or technical merit and feasibility of ideas that<br />
appear to have commercial potential.<br />
The remainder of the program budget supports a recoverable grant program for<br />
applicants with commercialization projects for renewable-energy products, services or<br />
systems. The recoverable grant program is designed to foster renewable energy<br />
businesses in New Jersey via seed capital for dynamic state-based expansion of this<br />
industry. These funds will be competitively awarded with provisions made for repayment.<br />
Companies receiving recoverable grants will be required to repay principal as they begin<br />
to generate revenues. Applications for the recoverable grant program will be evaluated<br />
on an ongoing basis, with no fixed deadline, throughout 2006 or until all funds are<br />
committed.<br />
Contact:<br />
New Jersey Board of Public Utilities<br />
Office of Clean Energy<br />
44 South Clinton Avenue<br />
Post Office Box 350<br />
Trenton, NJ 08625-0350<br />
Phone: (877) 786-5278 or (609) 777-3300<br />
Fax: (609) 777-3330<br />
E-mail: info@njcep.com<br />
Web: www.NJCleanEnergy.com<br />
8. STATE AND LOCALLY-SUPPORTED DEMONSTRATIONS<br />
POWER GENERATION<br />
Sheraton Hotel, Edison: The New Jersey Clean Energy Program provided $860,000 in<br />
funding for this <strong>Fuel</strong>Cell Energy 250-kW Direct <strong>Fuel</strong> Cell® MCFC installed at the<br />
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