Michael Renna, President and CEO of South Jersey Industries, spoke at great length about Renewable Natural Gas and other energy initiatives

Did you know October is Energy Awareness month? The energy sector is part of our core competency here at Marketsmith and our team has been sitting in on conferences and panels across the state, learning about the latest in what’s next for our energy future.

New Technology Helps to Advance  Our Energy Future

President Rob Bochicchio attended the NJBIA 2nd Annual Energy Conference to hear from Ray Cantor, NJBIA’s VP of Government of Affairs, and experts in the energy sector to learn about new and emerging technologies, including next-generation nuclear, fusion, and hydrogen, as well as grid upgrades, storage and microgrids – and what is needed to make the energy future a reality.

Leaders across the board spoke at great length about how they are playing their parts to drive toward the state’s energy goals – including how investing in new technologies like renewable natural gas and clean energy sources will help reach those goals and benefit the residents of the state.

A Panel Discussion on the Energy Future for NJ

For those same New Jersey residents, the possibility of living in a one hundred percent clean energy future is looking better than ever before. On October 18th, Chrissy Southard, Marketing Associate, attended NJBIZ’s virtual Panel Discussion on Energy to hear leaders across the state discuss initiatives, raise likely concerns, and open the floor for suggestions on New Jersey’s plans for the next thirty or so years.

Panelists included Michael Boches from Geoscape Solar, Eric DeGesero from the Fuel Merchant Association of NJ, Gregory Lalevee from the International Union of Operating Engineers, and Richmond Young from Rise Light & Power. Moderated by NJBIZ’s Chief Editor, Jeffery Kanige, this discussion was as lively as it was informative.

The panel consisted of an open and honest discussion between local energy experts about The New Jersey Energy Master Plan that’s in place to convert the state from relying on fossil fuels to using one hundred percent clean energy by the year 2050. This plan includes incentives for residents and business owners in order to transition to solar and wind-powered energy. Boches calls the Governor’s plan “aspirational,” a change that is welcomed but one that is certainly going to take a lot of work and cost a lot of money.

What is the cost of change?

Kanige pointed out the importance of such a plan for a state like New Jersey – one with over one hundred and forty miles of shoreline that has seen a stark increase in hurricane activity. The most important question that arises is: Is the cost of doing nothing to solve the issue of climate change more than the cost of making these suggested changes?

This question was explored extensively among the panelists – obviously not coming to one single conclusion in a day. It is imperative to consider the cost of damages that are endured from dangerous storms – not to mention the priceless lives that are lost – while still attempting to lower the cost of building new infrastructure. Overall, the next thirty years are going to consist of a lot of work, a lot of money, and certainly a lot more conversations such as this.

Richmond Young ended the discussion with a key piece of advice for all New Jersey residents, stating to “make sure your voice is heard. … If you have any feedback, send it in [to the NJ Board of Public Utilities].”

You Know Energy. We Know People.

Keeping up with the latest energy news comes as second nature to us. The Marketsmith Energy Council was established in 2020 and has focused on three core areas: COVID-19’s impact on residential and business energy consumption, a deep understanding of federal and state laws and regulations, and utility challenges of the future and how federal and state mandates move toward cleaner energy solutions. Are you an energy brand looking to power up your marketing? Contact us today to start the conversation.