U.S. eyes nuclear reactor tax credit to meet climate goals -sources

The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep nuclear facilities from closing and making it harder to meet U.S. climate goals, three sources familiar with the discussions told Reuters. New subsidies, in the form of “production tax credits,” would likely be swept into …

China Will Lead The World In Nuclear Energy, Along With All Other Energy Sources, Sooner Than You Think

China now leads the world in total energy production and also produces almost twice the amount of electricity that the United States does, 4.4 trillion kWh versus 7.5 trillion kWh per year, respectively. With over a third of China’s population still being energy poor or in abject poverty, this will grow even more. And a …

Climate leaders must include nuclear in net-zero debate

The Canadian Nuclear Association, Europe’s Foratom, the Japan Atomic Industrial Forum, the USA’s Nuclear Energy Institute, the UK’s Nuclear Industry Association and World Nuclear Association have issued a joint statement ahead of the Leaders Summit on Climate that starts today. At the invitation of US President Joe Biden, world leaders will convene for the two-day …

US conversion plant gears up for next 40 years

The business case behind the decision to restart the USA’s only domestic uranium conversion facility announced earlier this year rested on suitable answers to several “puzzle piece” questions falling into place, ConverDyn’s Malcolm Critchley told the World Nuclear Fuel Cycle forum yesterday. Price had not been the only reason behind Honeywell’s November 2017 decision to …

Nuclear industry calls for state policy focus as resource outstrips coal generation in US

Dive Brief: While the Biden administration has indicated support for nuclear energy and advanced reactors, state policies valuing the resource continue to be necessary to keep existing plants on the grid, the Nuclear Energy Institute (NEI) said in its annual State of Nuclear Energy address on Tuesday. The nuclear industry group applauded the introduction of …