RELATING TO LONG DURATION CLEAN ENERGY STORAGE.
What changed between versions
Established a new hydrogen and long-duration clean energy storage investment capital special fund to receive seed capital and venture capital investments.
Appropriated funds from the energy security special fund for fiscal year 2025-2026 to support program activities and temporary staff.
Expanded the program's purpose to include identifying pumped storage hydroelectric locations and promoting long-duration clean energy storage technologies.
Added requirement for engineering and economic evaluations of potential long-duration clean energy storage locations, prioritizing pumped storage hydroelectric projects.
Updated implementation timeline for hydrogen technology deployment plans, extending the transition to a hydrogen-fueled economy from 2020 to 2020-2030.