SJI (NYSE: SJI) remains committed to advancing the clean energy and sustainability goals of New Jersey and our region. Consistent with this commitment, we are excited to see the New Jersey Board of Public Utilities award Atlantic Shores Offshore Wind an Offshore Wind Renewable Energy Certificate (OREC).
In December 2020, SJI announced a partnership with Atlantic Shores Offshore Wind (Atlantic Shores) to collaborate on a green hydrogen pilot program, which will research, monitor, and analyze the deployment of hydrogen technology and natural gas blending in New Jersey.
SJI and Atlantic Shores entered a memorandum of understanding to explore utilizing the excess electricity generated from the wind projects to create "green hydrogen," a renewable energy source that can be blended with our supply to lower carbon intensity. SJI will provide expertise in our natural gas blending process and access to our infrastructure to successfully operate the pilot.
With the NJBPU's unanimous approval of Atlantic Shores to develop a 1,509.6MW wind energy project, SJI plans to continue progress in developing the green hydrogen pilot program.
"South Jersey Industries is excited to be part of Atlantic Shores' winning project to develop 1,509.6MW in clean, renewable wind energy for our state. Our partnership on a green hydrogen pilot project will be essential to unlocking additional decarbonized energy sources for New Jersey and diversifying our renewable energy mix. We look forward to collaborating on this innovative project, making New Jersey a national leader in the green economy," said Mike Renna, SJI president and chief executive officer.
The Atlantic Shores wind project is expected to be fully operational by 2028 and is projected to contribute $1.87B of direct and indirect economic benefits to the New Jersey economy.
Atlantic Shores Offshore Wind is a partnership between Shell New Energies US LLC and EDF Renewables North America, where together they have years of technical, operational and commercial energy expertise.
Over the last 12 months, SJI has announced a portfolio of renewable/clean energy projects that will help meet its goal of 100% carbon neutral operations by the year 2040. These investments include acquiring a minority interest in Rev LNG, a leader in developing renewable natural gas, as well as the acquisition of several fuel cell projects through SJI's joint venture with renewable leader Captona called Catamaran Renewables.
For more information about SJI's clean energy plan, please visit sjindustries.com/about-sji/clean-energy
About SJI
SJI (NYSE: SJI), an energy services holding company based in Folsom, NJ, delivers energy services to its customers through three primary subsidiaries. SJI Utilities, SJI's regulated natural gas utility business, delivers safe, reliable, affordable natural gas to approximately 700,000 South Jersey Gas and Elizabethtown Gas customers in New Jersey. SJI's non-utility businesses within South Jersey Energy Solutions promote efficiency, clean technology and renewable energy by providing customized wholesale commodity marketing and fuel management services; and developing, owning and operating on-site energy production facilities. SJI Midstream houses the company's interest in the PennEast Pipeline Project. For more information about SJI and its subsidiaries, please visit sjindustries.com.
Media Contact:
Dominick DiRocco
(609) 561-9000 ext. 4262
ddirocco@sjindustries.com
Investor Contact:
Dan Fidell
(609) 561-9000 ext. 7027
dfidell@sjindustries.com
