Geopolitics, decarbonization driving ascendant nuclear power industry: NEI CEO utilitydive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from utilitydive.com Daily Mail and Mail on Sunday newspapers.
The US Department of State and US Export-Import Bank have announced a suite of financial tools to support the deployment of advanced nuclear energy systems to help reach net-zero goals. They also announced plans to mobilise more than USD4.2 billion of investment in enrichment and conversion capacity through the five-nation Sapporo 5 collaboration.
The US House of Representatives has voted to pass the Inflation Reduction Act, which now heads to President Joe Biden to be signed into law. The passing of the wide-ranging bill, which includes support for existing and new nuclear, was welcomed by the nuclear industry.
States like Wyoming and Montana are evaluating replacing coal with nuclear and Bill Gates’ TerraPower, has partnered with GE Hitachi, Bechtel, Energy Northwest, Duke Energy, DOE and the State of Wyoming to do just that with their new 345MW fast reactor with a molten salt-based energy storage system.