Edison Innovation Green Growth Fund (New Jersey)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place New Jersey


Applies to States or Provinces New Jersey
Name Edison Innovation Green Growth Fund (New Jersey)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Concentrating Solar Power, Fuel Cells, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province






Funding Source Public Benefit Fund








Program Administrator New Jersey Economic Development Authority
Primary Website http://www.njeda.com/web/Aspx_pg/Templates/Npic_Text.aspx?Doc_Id=1454&menuid=1506&topid=722&levelid=6&midid=1357


Last Review 2014-09-15


Information Source FAQ: http://www.njeda.com/web/pdf/eiggf_faqs.pdf


Summary

The EIGGF offers loans up to $2 million with a performance grant component to support technology companies with Class I renewable energy or energy efficiency products or systems that have achieved "proof of concept" and successful independent beta results, have begun generating commercial revenues, and will receive 1:1 match funding by time of loan closing.

Photovoltaic, solar, wind energy, renewably fueled fuel cells, wave, tidal, sustainable harvested biomass, and methane gas from landfills qualify, as well as other technologies or equipment that can demonstrate their integral nature to the development of Class I renewable energy technologies, including technologies that produce or support the production of renewable or clean electricity generation.


Policy Contact

Department New Jersey Economic Development Authority
Address 36 West State Street
Address 2 P.O. Box 990
Place Trenton, New Jersey
Zip/Postal Code 08625
Phone 866-534-7789


Email EIGGF@njeda.com
Website http://www.njeda.com/web/Aspx_pg/Templates/Npic_Text.aspx?Doc_Id=1454&menuid=1506&topid=722&levelid=6&midid=1357


















References