New Jersey bill allocates $300 million for grants to build small modular nuclear reactors.

The bill allocates $300 million from the societal benefits charge and Global Warming Solutions Fund for grants to construct small modular nuclear reactors in New Jersey. A small modular reactor is defined as a nuclear fission reactor with a capacity of no more than 300 megawatts, capable of being built and operated alone or in combination with other reactors. The allocation takes effect immediately and expires on June 30, 2027.

New Jersey bill allocates $300 million for grants to build small modular nuclear reactors.

The bill allocates $300 million from the societal benefits charge and Global Warming Solutions Fund for grants to construct small modular nuclear reactors in New Jersey. A small modular reactor is defined as a nuclear fission reactor with a capacity of no more than 300 megawatts, capable of being built and operated alone or in combination with other reactors. The allocation takes effect immediately and expires on June 30, 2027.