New wave energy legislation on the horizon for New Jersey

New Jersey Assemblyman Robert J. Karabinchak has unveiled plans to introduce a new legislation initiative that would include wave energy in New Jersey’s Energy Master Plan.

During Eco Wave Power’s bell-ringing ceremony on Nasdaq, Robert J. Karabinchak, who serves in the New Jersey General Assembly for the 18th legislative district, shared his vision for supporting legislation to promote wave energy in New Jersey.

Karabinchak said it plans to introduce a new legislation initiative in this session to bolster wave energy as the next, up-and-coming renewable energy source.

Recognizing the technology’s incredible potential, the state can aim to include wave energy in its Energy Master Plan and develop a streamlined process for its deployment along New Jersey’s coast, Karabinchak noted.

This action is expected to help New Jersey become the first U.S. state or territory to have a commercial wave energy proof of concept.

Karabinchak said: “Clean energy is at the center of the United States’ economic future. Our governor has laid out one of the most ambitious clean energy goals in the country – 35% by 2025 and 100% by 2050.

“Largely these goals will be met by offshore wind and solar, which I was proud to sponsor several pieces of enabling legislation. However, our renewable energy goals can only be met when all renewable sources work together, including wave energy.

“Not only do we see this as another step toward to reducing our reliance on fossil fuels and combating climate change, but also a way to build our economy and create numerous jobs”.

To remind, Eco Wave Power recently signed a collaboration agreement with AltaSea at the Port of Los Angeles for the development of a grid-connected wave energy pilot in the United States.