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Committee hears proposal to create revolving clean energy loan fund; nuclear eligibility draws opposition
Summary
Senate Bill 52,08 would authorize the Department of Commerce to offer loans for clean-energy projects from a new Clean Energy Fund account, using Climate Commitment Account funds subject to appropriation; proponents framed it as a revolving loan vehicle modeled on public works financing, while opponents urged removing advanced nuclear and small
The Senate Environment, Energy & Technology Committee heard Senate Bill 52,08, a proposed substitute to authorize the Department of Commerce — subject to appropriation — to offer loans to aid specified clean-energy projects and to create a Clean Energy Fund account. Staff described the account as intended to make loans for projects including zero-emission vehicle acquisition and charging infrastructure, site evaluations for generation or transmission, installation of solar, wind, geothermal or hydrogen equipment, and—controversially—development of advanced nuclear reactor technology.
Committee staff told members the Clean Energy Fund (CEF) has existed in prior capital budgets and that most recently $60,000,000 was appropriated for CEF competitive grants…
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