Directs BPU to adopt rules and regulations concerning small modular nuclear reactors; authorizes EDA to incentivize construction and operation of such reactors.

This bill directs New Jersey's Board of Public Utilities (BPU) to create rules for small modular nuclear reactors (SMRs), defined as reactors under 300 megawatts capacity requiring U.S. Nuclear Regulatory Commission licensing. It authorizes the New Jersey Economic Development Authority (EDA) to use 60% of funds from the Global Warming Solutions Fund to provide grants and financial incentives for the construction and operation of SMRs. The policy directly affects commercial entities building or operating these reactors, with funding prioritizing projects that reduce greenhouse gas emissions or energy demand. The bill establishes a concrete mechanism for state support of SMR development through EDA’s grant programs, without specifying project outcomes.