Department of Energy (409)
| Request Title | Establish and capitalize the Virginia Power Innovation Fund |
| Biennium | 2022-2024 |
| Budget Round | Amended Bill |
| Category | New general fund spending initiatives |
| Region | None |
Description
|
Provides for a deposit from the general fund into a new fund to be used for research and development of innovative energy technologies (including nuclear, hydrogen, carbon capture and utilization), and energy storage. |
Funding Summary
| Object Type | FY 2022 | FY 2023 | |
| General Fund Dollars | $0 | $10,000,000 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
| 599 | Administrative And Support Services | $0 | $10,000,000 | |
| By Fund | Fund Code | Fund Title | FY 2022 | FY 2023 |
| 01000 | General Fund | $0 | $10,000,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-06-2025 10:27:32
