HB 1074

This bill expands Virginia's renewable energy portfolio standard to include two new categories of eligible energy sources: hydrogen resources produced from zero-carbon generating facilities located in Virginia, and nuclear power facilities located in Virginia that begin operations after July 1, 2024. The renewable energy portfolio standard is a regulatory requirement that utilities obtain a certain percentage of their electricity from renewable or clean energy sources, and this legislation broadens the definition of what qualifies to meet those requirements. By allowing newer nuclear plants and hydrogen produced from zero-carbon sources to count toward renewable energy targets, the bill provides utilities with additional options for compliance while potentially supporting the development of these technologies within the Commonwealth.