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

S 2914 directs New Jersey's Board of Public Utilities (BPU) to create rules for small modular nuclear reactors (defined as reactors under 300 megawatts capacity) and authorizes the New Jersey Economic Development Authority (EDA) to use funds from the Global Warming Solutions Fund to incentivize their construction and operation. Specifically, 60% of the fund's annual allocation would support EDA grants for commercial, institutional, and industrial projects focused on energy efficiency, renewable energy, and carbon-reduction technologies - including small nuclear reactors. This bill directly affects EDA, which would administer the incentives, and companies developing or operating small modular nuclear reactors in New Jersey. The policy change shifts a portion of existing climate funding toward financial support for this specific nuclear technology.