The federal government wants to help utilities buy large components for up to 10 large nuclear reactors. It’s unclear which, if any, companies might participate.
The Vogtle nuclear power plant in Georgia is the only one with AP1000 reactors in the U.S. They generate enough electricity to power 1 million homes, but they took 15 years to build and cost $35 billion, double the initial estimates.
The federal government wants to help utilities buy large components for up to 10 large nuclear reactors. It’s unclear which, if any, companies might participate.
Of the roughly $700 million in total funding, $425 million would be used to upgrade and extend the life of 13 coal plants that otherwise might have closed in the coming years.
Companies say it’s a better way to dispose of the Cold War-era material — and fix a shortage of nuclear fuel. But the plan has also faced criticism from nonproliferation experts.
The dream of clean hydrogen has tantalized energy experts for years, but producing it has been tough. Many start-ups think the answer could lie beneath our feet.
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