Oklahoma § 17-802.2 - Oklahoma Low Carbon Energy Initiative - Duties

§ 17-802.2. Oklahoma Low Carbon Energy Initiative - Duties

A. There is hereby created the Oklahoma Low Carbon Energy

Initiative, referred to in Section 802.1 et seq. of this title as

the Initiative, which shall serve as a strategic program designed to

create, advance, and promote new and existing energy research and

development, use, supply chain activity, and infrastructure related

to Oklahoma's core energy competencies by:

1. Promoting research and development in the areas of

conventional and unconventional oil and natural gas development and

production, hydrogen production, storage, and distribution, CO2

enhanced oil recovery, wind forecasting, advanced biofuels, energy

storage, water management, nuclear energy, energy policy and

economic analysis, energy system optimization, renewable energy

integration into the electrical grid, and similar energy

technologies;

2. Fostering communication and collaboration between state and

federal governmental agencies, institutions of higher education, and

private entities located throughout Oklahoma;

3. Advancing research and development programs and growing

production, supply chain activity, and infrastructure that provide

benefits to all industries and regions of the state;

4. Streamlining research and development efforts between

private and public industry to create synergistic relationships that

coordinate, not duplicate, efforts;

5. Establishing Oklahoma as a regional resource and

clearinghouse for transformative energy technologies in the areas of

traditional energy, hydrogen production, storage, and distribution,

and renewable resource research and development;

6. Attracting best-in-class researchers to Oklahoma in

competency areas aligned with Oklahoma's natural resource base;

7. Coordinating with the Oklahoma Department of Commerce to

enhance venture capital investment in energy-related research and

business opportunities;

Oklahoma Statutes - Title 17. Corporation Commission

8. Promoting seed funding that can be leveraged against state,

federal, and private-source funding to establish sufficient startup

resources; and

9. Satisfying equipment needs related to monitoring seismic

activity.

B. The Initiative may receive assistance from any state agency

or public entity to implement the provisions of the Oklahoma Energy

Initiative Act including, but not limited to, administrative

assistance, staffing or legal counsel and provision of office space

or equipment as necessary. Assistance agreements may be made by

memorandums of understanding or as otherwise provided by law.

Added by Laws 2012, c. 247, § 2, emerg. eff. May 14, 2012. Amended

by Laws 2022, c. 27, § 1, eff. Nov. 1, 2022; Laws 2024, c. 31, § 1,

eff. Nov. 1, 2024; Laws 2024, c. 350, § 1, eff. July 1, 2024.