This office lease provision states that the landlord agrees that prior to the Commencement Date risers, feeders and wiring will be installed in the building by the landlord to furnish electrical service to the demised premises.
New Jersey has a comprehensive provision addressing present and future demands for electricity in premises, ensuring efficient and sustainable energy consumption. This provision focuses on various aspects such as renewable energy integration, grid resilience, energy efficiency, and demand response programs. Renewable Energy Integration: The New Jersey provision encourages the use of renewable energy sources, such as solar panels and wind turbines, to meet current and future electricity demands. The state offers incentives, grants, and tax credits to promote the adoption of these clean energy technologies. By supporting the integration of renewable energy, New Jersey aims to reduce dependence on fossil fuels and mitigate the environmental impacts of electricity generation. Grid Resilience: To ensure a reliable and resilient electric grid, the provision emphasizes the development and implementation of advanced grid infrastructure. New Jersey invests in modernizing the electrical grid, enabling the integration of distributed energy resources (Hers), grid-scale energy storage, and microgrid systems. These measures enhance the grid's ability to withstand disruptions caused by severe weather events, improve system efficiency, and reduce outages. Energy Efficiency: In addressing present and future electricity demands, New Jersey’s provision prioritizes energy efficiency initiatives. The state encourages residents, businesses, and institutions to adopt energy-efficient appliances, lighting systems, and building designs. Energy audits and financial incentives assist in identifying energy-saving opportunities and support the implementation of energy efficiency measures. The focus on energy efficiency helps reduce overall electricity consumption and lowers utility bills. Demand Response Programs: New Jersey's provision recognizes the importance of demand response programs for managing electricity demand during peak periods. These programs incentivize consumers to adjust their electricity usage during high-demand periods, such as hot summer days. By participating in demand response programs, consumers can receive financial benefits, while utilities can avoid the need for expensive infrastructure expansions and alleviate stress on the electrical grid. Different Types of New Jersey Provision Addressing Present and Future Demands for Electricity in the Premises: 1. Clean Energy Future: This provision focuses on transitioning to a clean energy future by setting ambitious renewable energy goals, promoting clean technology adoption, and encouraging the development of clean energy industries. 2. Grid Modernization: This provision specifically targets upgrading the electrical grid infrastructure to enhance its resilience, reliability, and efficiency. 3. Energy Efficiency Mandates: This provision establishes mandatory energy efficiency standards and requirements for premises, encouraging energy-saving practices and reducing overall electricity consumption. 4. Renewable Portfolio Standard (RPS): The RPS provision mandates that a certain percentage of electricity consumed in New Jersey must come from renewable energy sources by a specific target year. This drive aims to promote renewable energy growth and reduce greenhouse gas emissions. Overall, New Jersey's provision addressing present and future demands for electricity in the premises showcases the state's commitment to clean, reliable, and sustainable energy solutions while fostering economic growth and reducing environmental impacts.
