Establishes the New York advanced nuclear energy office and fund to support nuclear energy projects.

The bill establishes the New York advanced nuclear energy office within the New York State Power Authority. The office will provide strategic leadership for advanced nuclear reactor facilities, promote development, and create jobs. It will also establish an advanced nuclear energy development fund to provide grants for nuclear energy projects. The fund will draw from the Environmental Bond Act of 2022 and legislative appropriations. The office will evaluate grant applications based on project potential and applicant qualifications.

Establishes the New York advanced nuclear energy office and fund to support nuclear energy projects.

The bill establishes the New York advanced nuclear energy office within the New York State Power Authority. The office will provide strategic leadership for advanced nuclear reactor facilities, promote development, and create jobs. It will also establish an advanced nuclear energy development fund to provide grants for nuclear energy projects. The fund will draw from the Environmental Bond Act of 2022 and legislative appropriations. The office will evaluate grant applications based on project potential and applicant qualifications.