In a historic vote, the House passed the Inflation Reduction Act (IRA), including the vital provisions for clean energy sources like nuclear. The bill now heads to President Biden’s desk to be signed into law. The following statement can be attributed to Maria Korsnick, president and chief executive officer at the Nuclear Energy Institute:
“Today’s House vote is a momentous milestone for clean energy legislation here in the U.S. The energy provisions in the Inflation Reduction Act send a clear signal that nuclear is essential to the transition toward a carbon-free economy that also provides long-term, quality clean energy jobs. The investment and tax incentives for both large, existing nuclear plants and newer, advanced reactors, as well as HALEU and hydrogen production, set nuclear energy on a level playing field, ensuring that nuclear can form the backbone of a stable electric grid that also includes large shares of wind and solar.
“As demand grows for more clean energy generation, we are seeing utilities, corporations and the industrial sector looking at new nuclear to help meet their decarbonization goals. We are now on our way to meeting the incredible demand before us. The passage of the clean energy provisions in the IRA provide confidence to invest in not only nuclear’s present but its future as well, opening a bright path toward the next generation of reactors. This extends beyond the U.S., with countries abroad also looking to new nuclear to meet their climate goals and ensure their energy security during this critical time.
We are thankful for the long and hard work of the House and Senate and will continue working with policymakers to guarantee nuclear is a key player in driving a just and affordable energy transition.”