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Bill > HB2386

VA HB2386

VA HB2386
Virginia Power Innovation Fund and Program; created.

summary

Introduced
01/16/2023
In Committee
02/15/2023
Crossed Over
02/24/2023
Passed
03/07/2023
Dead
Signed/Enacted/Adopted
03/24/2023

Introduced Session

2023 Regular Session

Bill Summary

Virginia Power Innovation Fund and Program; created. Creates the Virginia Power Innovation Fund with funding to be used solely for the purposes of research and development of innovative energy technologies, including nuclear, hydrogen, carbon capture and utilization, and energy storage. The bill also creates the Virginia Power Innovation Program to use moneys from the Fund to (i) establish a Virginia nuclear innovation hub and (ii) award competitive grants to support energy innovation.

AI Summary

This bill creates the Virginia Power Innovation Fund and the Virginia Power Innovation Program. The Fund will provide funding solely for research and development of innovative energy technologies, including nuclear, hydrogen, carbon capture and utilization, and energy storage. The Program will use moneys from the Fund to establish a Virginia nuclear innovation hub and award competitive grants to support energy innovation. The Department of Energy will administer the Program, collaborating with the Virginia Nuclear Energy Consortium and the Secretary of Commerce and Trade to establish guidelines and criteria for disbursement of funds.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (4)

Last Action

Governor: Acts of Assembly Chapter text (CHAP0504) (on 03/24/2023)
(1 Companion Bills)

bill text

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bill summary

Document Type Source Location
State Bill Page https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB2386
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0504+hil
Fiscal Note/Analysis - House: Bill text as passed House and Sena https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2386FER122+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2386ER+hil
Fiscal Note/Analysis - House: Conference substitute printed 2310 https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2386FH1122+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2386H1+hil
Conference amendments https://lis.virginia.gov/cgi-bin/legp604.exe?231+amd+HB2386AC
Fiscal Note/Analysis - Senate: Committee substitute printed 2310 https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2386FS1122+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2386S1+hil
Substitute for HB2386 for S-Finance and Appropriations https://committees.lis.virginia.gov/pdfs/drafts/23106928D.pdf
Fiscal Note/Analysis - House: Printed as engrossed 23103587D-E https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2386FE122+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2386E+hil
House amendments not adopted https://lis.virginia.gov/cgi-bin/legp604.exe?231+amd+HB2386AHR
House committee amendments reported https://lis.virginia.gov/cgi-bin/legp604.exe?231+amd+HB2386AH
Fiscal Note/Analysis - House: Presented and ordered printed 2310 https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB2386F122+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB2386+hil
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