A 6132

This bill establishes the Fusion Energy and Technology Incentive Program within the New Jersey Economic Development Authority to promote the development of fusion energy facilities by repurposing existing power plant sites. The program provides tax credits to both property owners who lease power plant space to fusion energy or technology companies, and to the fusion companies themselves that operate or seek to operate fusion facilities at these locations. By incentivizing the use of existing power plant infrastructure (including decommissioned plants) for fusion energy development, the bill aims to advance clean energy technology while making productive use of established energy sites, with funding authorized from the Global Warming Solutions Fund to support these initiatives.