This bill mandates the Board of Public Utilities (BPU), the Department of Community Affairs (DCA), and the Department of Environmental Protection (DEP) to create expedited approval and permitting procedures specifically for artificial intelligence (AI) data centers that are powered by on-site small modular reactors (SMRs). The goal is to facilitate and accelerate the construction of new AI data centers utilizing SMRs, as well as to support the integration of SMRs at existing AI data centers. The regulations must be established within 12 months of the bill's effective date and should include provisions for expedited site approval processes for state agencies and local governments, construction plan reviews, interconnection provisions, and various environmental permit processes.

The bill defines key terms such as "advanced reactor," "AI data center," and "small modular reactor," providing a framework for understanding the technology and its applications. It emphasizes the importance of improving safety, efficiency, and environmental impact in the development of nuclear-powered AI data centers. By streamlining the regulatory process, the bill aims to promote innovation and investment in this emerging sector while ensuring compliance with existing environmental laws.