The bill, Substitute House Bill No. 6362, introduced as File No. 483, mandates the Office of Workforce Strategy to conduct a study on the state's workforce needs in the field of advanced energy, which includes technologies and services related to wind, solar, hydroelectric, and nuclear energy, as well as energy efficiency, demand response, energy storage, electric vehicles, chargers, and software. The study's findings are to be reported to the joint standing committee of the General Assembly by January 1, 2024. Additionally, the bill establishes the "advanced energy workforce training account" as a separate, nonlapsing account within the General Fund, to be used by the Office of Workforce Strategy for training programs, apprenticeships, and certification programs for an advanced energy workforce, effective July 1, 2023.

Furthermore, the Department of Energy and Environmental Protection (DEEP) is tasked with conducting two studies: one on economic development programs to attract advanced energy and energy-efficiency manufacturing, and another on state tax laws and regulations for the same purpose. DEEP may consult with relevant individuals, businesses, and state agencies to complete these studies. The results and recommendations from these studies are also due by January 1, 2024, to the joint standing committee. The bill does not specify funding sources for the newly established account. The fiscal impact statement indicates that the bill may result in costs of up to $500,000 in FY 24 for DEEP to retain outside consultants for the studies. The bill's effective dates are upon passage, except for the section establishing the account, which is effective July 1, 2023.