Establishes a fuel cell incentive program

This bill creates a state-funded incentive program managed by NYSERDA to encourage development of qualified fuel cell generating systems. It requires the Public Service Commission to establish program modifications by January 1, 2026, mandating $50 million annually in planned expenditures from 2026 through 2036 for diverse projects across New York. The program must prioritize cost-effectiveness, avoid long-term grid costs, minimize peak load in constrained areas, and include annual performance reports. It directly affects electric distribution companies and developers of fuel cell systems meeting specific technical standards (solid oxide, molten carbonate, PEM, or phosphoric acid). The program design must consider economic benefits to New York while ensuring geographic and project-size diversity.