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August 7, 2023
Georgia’s New Nuclear Reactor Signifies Broad Implications for U.S. Energy Industry
The challenges, including cost overruns and construction delays, in bringing the Vogtle expansion online will likely inform future projects in meeting cost and schedule expectations.
The completion of a new reactor at Georgia’s Plant Vogtle is viewed as a significant milestone for the U.S. nuclear industry despite massive cost overruns and years of delays. The lessons learned are expected to inform best practices…Read the full report
Key Takeaways
- The completion of a new 1.1 GW reactor at Georgia’s Plant Vogtle, after seven years of delays and billions over budget, represents a milestone for the U.S. nuclear power industry while being a cautionary tale for new projects.
- This development comes amid evolving policy support for nuclear power in the form of zero-emission credits and tax incentives driven by the need for carbon-free power to meet clean energy goals.
- The U.S. Senate has approved legislation to bolster domestic nuclear fuel production, so that uranium supply disruptions would not impact the development of advanced reactors or operations of the existing light-water reactor fleet.
