Edison Innovation Green Growth Fund (New Jersey)
Last modified on February 12, 2015.
|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|
|Funding Source||Public Benefit Fund|
|Program Administrator||New Jersey Economic Development Authority|
|Information Source||FAQ: http://www.njeda.com/web/pdf/eiggf_faqs.pdf|
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.
|Department||New Jersey Economic Development Authority|
|Address||36 West State Street|
|Address 2||P.O. Box 990|
|Place||Trenton, New Jersey|