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Newly Signed Bill Will Boost Nuclear Reactor Deployment in the United States

ENERGyYGOV JULY 10, 2024

President Biden signed the Fire Grants and Safety Act into law chalking up a BIG win for our nuclear power industry.  

Included in the bill is bipartisan legislation known as the ADVANCE Act that will help us build new reactors at a clip that we haven’t seen since the 1970s. …………………………………

Incentivizing Competition  

The ADVANCE Act builds on the successes of previous legislation to develop a modernized approach to licensing new reactor technologies.  ……………………………..

The ADVANCE Act directs the U.S. Nuclear Regulatory Commission (NRC) to reduce certain licensing application fees and authorizes increased staffing for NRC reviews to expedite the process.  

It also introduces prize competitions that the U.S. Department of Energy (DOE) can award to incentivize deployment.  

These awards are subject to Congressional appropriations but will cover the total costs assessed by the NRC for first movers in a variety of areas, including the first advanced reactor to receive an operating or combined license. ……………………………………………………………………………………………………………  https://www.energy.gov/ne/articles/newly-signed-bill-will-boost-nuclear-reactor-deployment-united-states

July 11, 2024 - Posted by | politics, USA

1 Comment »

  1. President Biden made a bad decision in signing this legislation to support the dying nuclear industry. We will live to regret this. Nuclear power has been declining, is inherently unsafe, needs government welfare, liability insurance protections, and takes much too long to add to our energy mixture. And “All of the Above Energy Strategy, is simply not cost effective nor in line with the energy market place and going to help with reducing our carbon foot print and reverse climate change. It is simply stupid and insane.

    paulrodenlearning's avatar Comment by paulrodenlearning | July 11, 2024 | Reply


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