NJ S1299

Establishes the "Fusion Technology Industry Promotion Act" requiring the New Jersey Economic Development Authority (EDA), in consultation with the NJ Commission on Science, Innovation and Technology, to create a Fusion Technology Industry Development Program.

Requires EDA to invest in a fusion industry development company, matching investments from other sources, with combined public entity ownership capped at 59% of total stock or interest.

Public and private partners may include Princeton Plasma Physics Laboratory, Princeton University, other higher education institutions, and energy businesses, with EDA required to sell its stake within 10 years of purchase.

Program services include technical and financial assistance to fusion technology businesses, market representation at conferences, commercial opportunity research, and capital investment recruitment for New Jersey.

Mandates annual reports to the Governor and Legislature on program operations, with the Commission providing recommendations every three years on attracting and retaining fusion technology businesses.