nuclear-news

USA’s Department of Energy (DOE) will give $6 Billion in a program to to stop uneconomic nuclear reactors from closing down

DOE to offer $6B to keep struggling nuclear reactors online, Utility Dive Feb. 16, 2022 By Jason Plautz

Dive Brief:

• The Department of Energy (DOE) will spend $6 billion on a program designed to keep nuclear power plants from closing, according to a notice of intent published last week. 
• The department’s Civil Nuclear Credit Program is backed by funding from the bipartisan Infrastructure Investment and Jobs Act signed into law in November. The program will allow owners and operators of commercial U.S. nuclear reactors to competitively bid on credits to help continue their operations amid economic hardship.

…………. The Notice of Intent and Request for Information released by the DOE Friday will help the department learn more about priorities for the program and certification process, which the administration anticipates launching later this year. ………………..  https://www.utilitydive.com/news/doe-to-offer-6-billion-to-keep-struggling-nuclear-reactors-online/618919/

February 17, 2022 - Posted by Christina Macpherson | business and costs, politics, USA