Texas Advanced Nuclear Energy Funding Program

Planned

Texas lawmakers have approved a $350 million program to attract the advanced nuclear industry to the state by providing taxpayer-funded grants to companies developing nuclear projects. The program establishes a Texas nuclear energy office within the governor's office to oversee the funding and assist companies with permitting and regulatory processes. The funding is divided into two buckets: reimbursements for project development and supply chain activities, and reimbursements for construction costs, with companies eligible for up to $12.5 million for development and $120 million for construction. The program includes safeguards such as milestone agreements and veto powers by the lieutenant governor and Texas House speaker.