Energy

AB 657 exempts sales and use taxes for specific equipment and materials used exclusively in qualified nuclear fusion technology projects. It covers over 70 listed items, including plasma heating systems, superconductors, diagnostic tools, specialized materials like lithium and tungsten, and safety equipment. The exemption applies to businesses conducting fusion projects focused on energy generation, medical isotope production, research, or other fusion-related applications as defined in the bill. This policy directly reduces costs for companies developing nuclear fusion technology by eliminating taxes on qualifying purchases.

SB 125 requires the state to conduct a study on nuclear power and fusion energy siting, including reviewing approval timelines for small modular reactor projects. It mandates the state commission to engage with federal regulators to identify ways to streamline both federal and state permitting processes for advanced nuclear reactors. The bill also sets a new 19th-day deadline for final decisions on certain utility certificate applications (previously 13th), and directs the commission to assess methods for speeding up approvals for large nuclear facilities. This bill directly affects developers of nuclear and fusion energy projects seeking state permits and approvals.

SJR 7 is a non-binding legislative resolution passed by Wisconsin's legislature declaring support for nuclear power and fusion energy as critical clean energy sources. It states the legislature's commitment to advancing these technologies, citing their role in providing 66.6% of Wisconsin's carbon-free electricity, powering 1.2 million homes, and supporting 650 high-paying jobs. The resolution does not create new laws or allocate funds but formally recognizes nuclear/fusion energy as essential for meeting energy demands and reducing emissions. It emphasizes Wisconsin's existing nuclear infrastructure (including two operating reactors) and academic resources as foundations for future growth in this sector.