The Senate Environment and Energy Committee approved legislation (S-364) that would allow fusion energy to receive funding from New Jersey’s Clean Energy Fund.
The bill was sponsored by State Sen. Joe Pennacchio (R-Montville).
“Fusion energy is no longer just a theory on a whiteboard — continued breakthroughs are happening at a rapid rate, taking immense strides toward becoming a reality,” Pennacchio said.
“A zero-carbon, sustainable future is within reach, and this bill will help direct critical funds to the research and development of this revolutionary energy source.”
Pennacchio has been a leading advocate for fusion energy, sponsoring several bill packages intended on establishing New Jersey as the epicenter of its research and development.
He said state assistance could be a key moving forward.
“By classifying fusion energy as a Class I renewable and allowing investments to be made, New Jersey is positioning itself to be a global leader in fusion technology, helping restore America’s energy dominance once again,” he said.
