Hawaii HB1257 establishes a two-year grant program and fund to support alternative energy research and development.
Hawaii HB1257 establishes a two-year Hawaii Office of Naval Research grant program to provide matching grants to businesses conducting alternative energy research. The grants are intended to promote research and development in fields such as geothermal, solar, wind, and smart grids. The bill also establishes the alternative energy research and development revolving fund to support these efforts. The fund will be abolished in 2027, with remaining balances transferred to the general fund.
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