02/14/2022

U.S. Energy Department Advances $6 Billion Nuclear Plant Program

Nuclear power generates power virtually free of climate change emissions

On Friday, the U.S. Department of Energy said it is seeking input from utilities, communities and advocates as it develops its new program to boost struggling nuclear power plants with $6 billion in credits.

The bipartisan infrastructure bill passed last year tasked the DOE with creating the Civil Nuclear Credit Program to distribute the credits to nuclear plants.

Nuclear power generates power virtually free of emissions blamed for climate change, but the industry has lost 12 reactors since 2013 amid competition from renewable energy and plants that burn plentiful natural gas. In addition, safety costs have soared after the 2011 tsunami at Japan's Fukushima plant.

Please select this link to read the complete article from Reuters.