Energy Efficiency, GHG Emissions, Sourcing Renewables - January 27, 2023
New Jersey Resources Reports 59% Emissions Reduction
New Jersey Resources achieved a 59% reduction in operational emissions in New Jersey from the 2006 baseline, advancing NJR’s goal to reach a 60% reduction by 2030.
The natural gas company completed the first year of operation of NJNG’s milestone green hydrogen blending facility, which demonstrates the value of its pipeline infrastructure to integrate, store, transport and deliver blended green hydrogen.
New Jersey Resources continued its energy-efficiency plan by investing over $53 million in energy-efficiency initiatives, which was NJNG’s largest annual investment to date in the SAVEGREEN Project®.
The energy-efficiency offerings help provide immediate emissions reduction by lowering energy consumption, regardless of fuel type, and reducing energy bills — creating a win-win proposition for participating homeowners and businesses. The program is an essential component of NJNG’s decarbonization strategy and critical to reaching New Jersey’s 2050 carbon reduction goals.
The company also continued to use more renewable energy through the development of two projects: Mount Olive, one of North America’s largest capped landfill installations, and Canoe Brook floating solar, the nation’s largest floating solar array, both located in New Jersey.
“As a leader in the energy industry and sustainability, New Jersey Resources continues to deliver strong results for our stakeholders,” said Steve Westhoven, President and CEO of New Jersey Resources in a statement. “This past year has seen an immense change in the conversation about energy in America and how to ensure it remains accessible, reliable, affordable and clean. As we move into 2023, we are optimistic and sharply focused on a path forward that will advance sustainability goals and drive more innovation, action and positive impacts in our communities.”