nuclear-news

Congress passes bill to jumpstart new nuclear power tech

ADVANCE Act heads for Biden’s signature, but it may be too little, too late.

JOHN TIMMER –  Ars Technica 21st June 2024

 Earlier this week, the US Senate passed what’s being called the ADVANCE
Act, for Accelerating Deployment of Versatile, Advanced Nuclear for Clean
Energy. Among a number of other changes, the bill would attempt to
streamline permitting for newer reactor technology and offer cash
incentives for the first companies that build new plants that rely on one
of a handful of different technologies. It enjoyed broad bipartisan support
both in the House and Senate and now heads to President Biden for his
signature. Given Biden’s penchant for promoting his bipartisan credentials,
it’s likely to be signed into law. But the biggest hurdles nuclear power
faces are all economic, rather than regulatory, and the bill provides very
little in the way of direct funding that could help overcome those
barriers.

 Ars Technica 21st June 2024

  https://arstechnica.com/science/2024/06/congress-passes-bill-to-jumpstart-new-nuclear-power-tech/

June 23, 2024 - Posted by Christina Macpherson | Uncategorized