The amount of money private investors are putting into nuclear energy has never been seen before in the U.S. Here’s why, and what it means for the industry.
The amount of money private investors are putting into nuclear energy has never been seen before in the U.S. Here’s why, and what it means for the industry.
The nuclear energy industry is seeing renewed interest recently, as the US and EU push to meet carbon-neutral goals and are pumping in billions of dollars to modernise existing nuclear power plants and fund research into new nuclear technologies. That’s a welcome boost to the industry, which had stalled after high profile accidents, including at Chernobyl and Fukushima. Funding to build costly new plants and upgrade ageing infrastructure also has lagged.
The Inflation Reduction Act is the largest action ever taken by the US government to address climate change. Here’s what’s in the bill for the nuclear.