Relating to funding mechanisms to support the siting, development, construction, and deployment of advanced nuclear and innovative energy technologies in this state.

SB 2967 creates a new Texas Advanced Nuclear and Innovative Energy Technologies Office within the Governor's office to support advanced nuclear and innovative energy projects. It establishes a dedicated fund using gifts, grants, and legislative appropriations to reimburse qualifying expenses for two key project phases: Tier 1 for early development/siting (Section 483.202) and Tier 2 for construction (Section 483.203). The fund requires the Office to share grant information with the Public Utility Commission, which must plan for advanced nuclear reactors in Texas. This bill directly affects nuclear project developers, the Commission, and state funding mechanisms, aiming to accelerate deployment of advanced nuclear technology.