NJR Clean Energy Ventures

With the completion of the 18.9 MW Foul Rift #solar array, CEV continues to be a leader in turning underutilized #brownfield space into #cleanenergy. We would like to acknowledge our partners CEP Renewables and CS Energy for their collaboration and hard work that helped make this project possible. Foul Rift is another example of CEV’s commitment to meeting New Jersey’s #renewableenergy targets and contributing to a more #sustainablefuture. 

Thanks to our subsidiary NJR Clean Energy Ventures and CEP Renewables, what was once an environmentally impaired brownfield has been transformed. Introducing the Foul Rift #solar field, generating 18.9 MW of #renewableenergy – enough to power 3,390 homes annually. This project also helps reduce over 17,000 metric tons of carbon emissions each year, advancing New Jersey’s #cleanenergyfuture. Thanks to Congressman Tom Kean Jr. and State Senator Douglas Steinhardt for attending yesterday’s ribbon cutting to mark the completion! To learn more, visit bit.ly/3NmBZRM. #sustainablefuture

Recently, two of our analysts at #CEV attended the Sustainable Investing Career Fair at Columbia University. At the event, our team collaborated with undergraduate and graduate students to talk all things related to sustainable investing (especially in the #renewableenergy space!), career advice and professional development. It was a great experience to connect with so many people excited and passionate about #cleanenergy! Interested in a career at CEV or New Jersey Resources? Check out openings at https://lnkd.in/eRK852r5.

There are many innovations taking place in the #solar market, with one of the most exciting being floating photovoltaics. Also known as #floatingsolar, these are #solararrays, similar to what can be found on a rooftop or solar field, that are affixed to buoyant structures that float atop a water surface. These types of projects are typically located on calmer bodies of water, such as man-made lakes and reservoirs, and the racking systems are anchored in place to minimize drifting as well as any potential impacts from changing water levels. In land-constrained states such as #NewJersey, floating solar is an excellent way to increase renewable energy production without the need to develop additional land. Early studies have also found that floating solar may reduce evaporation and prevent harmful algal blooms from forming, which benefits the #environment and preserves the water supply. CEV is proud to own two floating solar arrays, including the Canoe Brook floating solar array – the largest in North America, which provides clean energy for New Jersey American Water’s water treatment plant. #sustainablefuture #cleanenergyfuture

📅 NJRCEV is Attending the RE+ 2024 in Anaheim, CA! We are excited to attend RE+ 2024 in Anaheim, CA next week. We look forward to connecting with like-minded professionals in the #solar and #energystorage spaces seeking finance and #development partners. Please reach out to us if you would like to set up a time to connect at the conference: njrcleanenergyventures@njresources.com. 📧 #solarconference #cleanenergy

Meet Alexander Cabezas! We appreciate his commitment to our team and the projects he’s worked on this summer, as well as his enthusiasm for helping make a positive impact on our communities and the #environment. As we approach the close of our #internship program, We'd like to wish all our #interns great success in all their future endeavors.

Meet Andrew C! Inspired by the transformation of the Mt. Olive landfill into a #solarfarm, Andrew is excited to be a part of CEV and the impactful work we do. We’re grateful for the talent displayed by our #interns this #summer. #intern #internship

In recognition of National Intern Day, we’re excited to celebrate our interns, including Riya A, who’s working with our team this summer to help build a #cleanenergyfuture. #NationalInternDay

📅 NJRCEV is Attending the RE+ Mid-Atlantic 2024 in Philadelphia, PA! We are excited to attend RE+ Mid-Atlantic 2024 in Philadelphia, #PA next week. We look forward to connecting with like-minded professionals in the #solar and #energystorage spaces seeking finance and development partners. Please reach out to Lucian Herpriyonggo if you would like to set up a time to connect at the conference. 📧 #solarconference #cleanenergy

As plans for energy-intensive #datacenters continue to make headlines, at CEV we already have experience using #renewableenergy to help offset the demand they create for the grid. Featured here is our McGraw Hill Solar Facility which, at a sizable 14.1 megawatts, is providing the #cleanenergy it generates to an on-site datacenter to help reduce the energy that it would otherwise pull from the grid. At over 57,000 panels, this array generates enough energy to power 2,300 homes or offset the emissions from more than 2,400 passenger vehicles per year. As datacenters continue to play a major role in developing the energy landscape, CEV will continue to partner with organizations to use clean energy to reduce the impact. Interested in learning how you can use renewable energy to help offset your own electricity use and lock in a favorable energy rate? Send us a message!