This is an excerpt from EERE Network News, a weekly electronic newsletter.

August 27, 2003

New Jersey Awards $2.7 Million to 10 Renewable Energy Companies

The New Jersey Board of Public Utilities (BPU) announced in early August its award of $2.7 million to 10 renewable energy businesses. The awards are part of the state's Renewable Energy and Economic Development Program, which promotes renewable energy business development in the state. The firms will use the grants to explore wave energy, develop a variety of solar energy technologies, investigate means of producing hydrogen from renewable energy sources, and produce power from that hydrogen using fuel cells. The grants will also go toward efforts to assist local government officials in buying green power and to assist energy service companies in providing renewable energy services. See the New Jersey BPU press release.