Bill > S4143

This bill addresses the growing energy demands of artificial intelligence (AI) data centers and cryptocurrency mining facilities in New Jersey by implementing strict energy sourcing and usage requirements. The legislation requires that all electricity for these facilities must be derived exclusively from new verifiable Class I renewable energy sources or newly constructed nuclear power plants, ensuring no net decrease in energy supply to the state's transmission and distribution system. Specifically, any person seeking to establish an AI data center or cryptocurrency mining facility must submit a comprehensive energy usage plan to the Board of Public Utilities for approval, detailing strategies for minimizing energy consumption, such as optimizing cooling systems, water usage, building ventilation, and heat reuse. The bill defines key terms like "blockchain technology" and "cryptocurrency mining" and mandates that no such facility can connect to the electrical grid without first receiving board approval for its energy usage plan. The legislation is motivated by concerns about increasing electricity demand, grid strain, and potential price increases in the PJM Interconnection region, with the goal of protecting ratepayers and promoting sustainable energy practices for emerging technology industries.

Agriculture and Natural Resources

https://www.njleg.state.nj.us/bill-search/2024/S4143