This bill mandates that the Board of Public Utilities, the Department of Community Affairs, and the Department of Environmental Protection create expedited approval and permitting procedures for the development of artificial intelligence (AI) data centers powered by on-site small modular reactors (SMRs). The goal is to facilitate and accelerate the construction of new AI data centers and the integration of SMRs at existing facilities. The agencies are required to adopt these rules and regulations within 12 months of the bill's effective date.

The proposed regulations will include provisions for expedited site approval processes for state agencies and local governments, expedited construction plan reviews by the Department of Community Affairs, and expedited interconnection and permit processes by the Board and electric public utilities. These measures aim to streamline the regulatory framework surrounding the establishment of AI data centers utilizing advanced nuclear technology, thereby promoting innovation and efficiency in energy use.