The former Logan Generating Plant will be replaced by battery storage.
A former coal-fired power plant in New Jersey was imploded earlier this month as the state moves aggressively to adopt clean energy policies.
Starwood Energy demolished the former Logan Generating Plant and announced plans for a new $1 billion venture on the site, where batteries will be deployed to store power from renewable energy sources.
The 225 MW Logan plant is one of two former coal-fired plants that the company decided in March to shutter and tear down under an agreement with the state and a local utility. The other is the former Chambers Cogeneration Plant in Carneys Point, which has yet to be dismantled.
They were the last two coal-fired plants operating in the state until they closed three months ago. Both will host battery storage projects, Himanshu Saxena, CEO of Starwood, told the Associated Press.
Starwood is a Greenwich, Connecticut-based private equity investment firm specializing in energy infrastructure projects.
Logan, located on the banks of the Delaware River in the Philadelphia suburbs of southern New Jersey, began operating in 1994.
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