nuclear-news

$Billions of tax-payer money to go to kickstarting the “new nuclear reactor” industry’s “inflection point”

“It’s a really great investor environment — both publicly and privately,”

said Ryan Norman, analyst
at energy think-tank Third Way

US nuclear enjoys revival as public and private funding pours in. The US
nuclear industry has hailed 2022 as an “inflection point”, with surging
private investment and unprecedented government support breathing new life
into a sector that fell from favour in recent decades.

New federal legislation enacted in the past 18 months will pump about $40bn into the
sector over the coming decade, according to industry estimates, while
roughly $5bn in private funds has flowed into companies designing new types
of reactor in the past year alone.

“It’s a really great investor environment — both publicly and privately,” said Ryan Norman, analyst
at energy think-tank Third Way. “There’s federal recognition that nuclear
energy technologies have a key role to play in the US energy future,” he
said. “No matter how you cut it, we’re talking about billions of dollars
being poured into these advanced reactor companies.”

FT 1st Jan 2023

https://www.ft.com/content/f3c6f333-bc2e-4694-963a-7084e438905a

January 3, 2023 - Posted by Christina Macpherson | politics, technology, USA