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.

AB 840 regulates data centers in the state by requiring specific operational and environmental standards. It mandates that data centers use closed-loop cooling systems (recycling water instead of using fresh water) and report annual water usage to the department. The bill also requires renewable energy facilities serving data centers to be located on-site and prohibits utility customers from paying for data center infrastructure costs. Additionally, operators must provide financial bonds for construction and restore land if projects are abandoned. These provisions directly affect all data center operators and developers in the state.