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July 1, 2024
Momentum Builds for Advanced Nuclear to Achieve Decarbonization Goals
Investing in next-generation reactors is seen as a viable solution to expand the role of nuclear energy in achieving carbon-free electricity.
Advanced nuclear solutions are garnering broad support with a slate of initiatives including funding research, developing regulatory frameworks, and planning or constructing advanced reactors. The ability of nuclear energy to produce carbon-free power is increasingly considered…Read the full report
Key Takeaways
- Congress has passed sweeping legislation to support new nuclear technologies, strengthen the nuclear fuel cycle and supply chain infrastructure, and streamline permitting processes.
- The Biden administration has announced a new working group to explore ways to mitigate nuclear project construction risks.
- Holtec plans to build its first two small modular reactors at the Palisades nuclear plant, which has received up to $1.52 billion DOE loan guarantee to restart, marking the first recommissioning of a shut-down nuclear power plant in the U.S.
