Source: LPP Fusion, August 28, 2019
Three bills: S4073, S4074 and S4075 to promote fusion energy research were introduced on August 26, 2019 into the New Jersey State Senate by Sen. Joe Pennachio (R-26). The first bill, the Fusion Technology Industry Promotion Act, would mandate the New Jersey Economic Development Authority to invest in fusion technology development companies in New Jersey, matching dollar for dollar private investments in the companies. This was an idea raised by LPPFusion’s President Eric J. Lerner at the Fusion Symposium in May organized by Sen. Pennachio’s office. A second bill would make fusion energy companies eligible for any state renewable energy or emerging technologies economic incentive programs. The third bill would establish the New Jersey Fusion Technology Industry Commission which would oversee the fusion energy program for the State of New Jersey.