The Garden State Times reported in February that The Senate Environment and Energy Committee has given its approval to fusion energy legislation, S-364, which was introduced by Senator Joe Pennacchio (R-26). This bill aims to permit fusion energy projects to access funding from New Jersey’s Clean Energy Fund. On Feb. 25, the NJ Senate unanimously passed this bill and sent it to the Assembly.
Senator Pennacchio stated, “Fusion energy is no longer just a theory on a whiteboard—continued breakthroughs are happening at a rapid rate, taking immense strides toward becoming a reality. A zero-carbon, sustainable future is within reach, and this bill will help direct critical funds to the research and development of this revolutionary energy source. By classifying fusion energy as a Class I renewable and allowing investments to be made, New Jersey is positioning itself to be a global leader in fusion technology, helping restore America’s energy dominance once again.”
The classification of fusion energy as a Class I renewable will make it eligible for financial support from the Clean Energy Fund.
NJ Senator Joe Pennacchio
It’s great to have a senator fighting for fusion – great step for humanity, and we’re lucky to be in a state of NJ. So far though, we failed to notice any fusion companies on the Clean Energy Fund list. Until we get connected with the Clean Energy Fund, we’re still counting on your desire to change this crazy world for the better.