H.B. No. 14 establishes the Texas Advanced Nuclear Energy Office, which aims to promote the advanced nuclear energy industry in Texas by providing strategic leadership, collaborating with stakeholders, and supporting the development of a nuclear energy supply chain. The office is authorized to solicit grants and donations, form advisory committees, and conduct studies to identify necessary regulatory functions for nuclear energy generation. It will be subject to the Texas Sunset Act, requiring a review for continuation by September 1, 2035.

The bill also creates the Texas Advanced Nuclear Development Fund to provide reimbursement-based grants to eligible businesses and organizations involved in advanced nuclear projects. The office will manage these grants, covering up to 50% of qualifying expenses related to project development and construction, with specific caps on funding amounts. Additionally, a completion bonus grant program is introduced for operational advanced nuclear reactors connected to the ERCOT power grid, with grant amounts based on megawatt output. The bill ensures confidentiality for submitted information and stipulates that its implementation is contingent upon legislative appropriations, with an effective date of September 1, 2025.

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