The first public infrastructure bank in the nation to focus on energy resilience will help four New Jersey hospitals remain functional during outages, according to an article on the Facility Executive website.
The New Jersey Economic Development Authority (EDA) has granted preliminary approval under the Energy Resilience Bank (ERB) to support the installation of new combined heat and power (CHP) systems at three New Jersey hospitals.
The ERB is the first public infrastructure bank in the nation to focus on energy resilience.
Administered by the EDA, the ERB will use $200 million from New Jersey’s second Community Development Block Grant-Disaster Recovery allocation to support the development of distributed energy resources at critical facilities.
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