The Biden administration has indicated to lawmakers that it supports federal subsidies for struggling nuclear power plants, Reuters reported this morning, citing sources familiar with the discussions.
The subsidies would be in the form of production tax credits, according to the report, and would likely become part of the president’s $2.3 trillion infrastructure plan.
Nuclear progress, but not much else, from COP29
COP29 was good for nuclear energy, but not so good for anything else.That was one of Seth Grae’s takeaways from this year’s Conference of the Parties—or, United Nations Framework...
Energy analyst: Clean energy dreams come only with advanced nuclear
“We’re going to have to do things differently if we hope to trim the output of climate-changing emissions,” writes Matthew L. Wald in an essay recently published by the Breakthrough...
IAEA’s Grossi highlights the growing promise of nuclear energy
The peaceful uses of nuclear science and technology today hold more promise to heal the world since Austrian Swedish physicist Lise Meitner and her colleagues discovered nuclear fission in...
Senate confirms 3 FERC appointees
The U.S. Senate voted last week to put three new members on the Federal Energy Regulatory Commission, a bipartisan energy oversight board.The chamber confirmed the nominations of Republican...
Framatome signs contracts with Sizewell C
French nuclear developer Framatome is slated to deliver key equipment for Sizewell C Ltd.’s two large reactors planned for the United Kingdom’s Suffolk coast.The agreement, reportedly...
AI and data center growth equal power demand
Nuclear has been on a good roll lately and it is getting better. The 2022 Inflation Reduction Act (IRA) provides a nuclear power production tax credit. This has stopped the early retirement of...
Biden administration releases FY25 budget request—What’s in it for nuclear?
The White House asked for nearly $1.6 billion in funding for the U.S. Department of Energy’s Office of Nuclear Energy in the fiscal year 2025 budget proposal, released earlier this week. The...
$1.5 billion DOE loan aims to restart Palisades
The Palisades nuclear power plant in Covert, Mich., may become the first in the United States to be restarted after permanent shut down—with help from a $1.5 billion loan being championed by...
Reactor dome lift caps year at Hinkley Point C
EDF Energy’s new nuclear build megaproject at Hinkley Point C last Friday moved forward—or, more literally, upward then downward—when workers, with a substantial assist from Big Carl,...
ARC, NB Power, KHNP join to explore global SMR deployment
Small modular reactor developer ARC Clean Technology, Canadian utility New Brunswick Power, and nuclear plant operator Korea Hydro & Nuclear Power have signed a memorandum of understanding...
