Wisconsin Senate Bill SB775

Wisconsin 2023-2024 Regular Session

• Introduced: 12/8/23
• Refer: 12/8/23
• Failed: 4/15/24

Caption

The Energy Innovation Grant Program and making an appropriation. (FE)

Impact

The implementation of SB775 is expected to broaden the scope of energy-related projects that can receive financial assistance through state funds. By allocating dedicated funding to the program, Wisconsin positions itself as a leader in energy innovation, encouraging both public and private entities to propose projects that could lead to significant advancements in energy efficiency. This grant program could play a crucial role in meeting future energy demands while also fostering job creation in the green energy sector.

Summary

Senate Bill 775 establishes the Energy Innovation Grant Program, which is aimed at promoting projects that enhance energy efficiency and innovation in Wisconsin. This program will be funded with an annual appropriation of $10,000,000 from general purpose revenue for the fiscal years 2023-25. The bill highlights the state's commitment to sustainable energy practices and is designed to facilitate funding for initiatives that lead to advancements in energy technology and conservation efforts.

Contention

Despite its potential benefits, the bill may face scrutiny regarding the allocation of state funds and the management of the grant program. Concerns about prioritization and oversight may arise from stakeholders who advocate for transparency in how these funds will be spent and which projects will be eligible for grants. The administrative role of the Office of Energy Innovation within the Public Service Commission could also be a point of contention, particularly with regard to how decisions are made on grant approvals and the criteria that will guide project selection.