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Category: CRYPTO NEWS
The post Nuclear Golden Age: Huge Potential, Stubborn Obstacles appeared on BitcoinEthereumNews.com. Southern Company’s Plant Vogtle Unit 3 (right) and Unit 4 (left). President Trump would like to see … More more large reactors as well as small modular reactors. Georgia Power Company President Donald Trump’s four executive orders mandating a great and fast leap forward for the nuclear power industry may seem to nuclear advocates like manna from heaven. But as it fell to earth, it appeared that the manna might be filled with empty calories. Trump’s directives outline an aggressive program of nuclear power growth. For starters, he wants to quadruple nuclear power production by 2050; shorten the licensing time to 18 months; and build 10 traditional, large light water reactors and a plethora of small modular reactors (SMRs). The need for more nuclear power as fast as possible is palpable. The big tech companies and their data centers are demanding vast new power supplies. They are facing constraints already dictated by a lack of power generating or by congested transmission lines. Large swaths of the country will soon be achingly short of power in times of extreme cold or abnormal heat, according to forecasts from the North American Electric Reliability Corporation. But there are roadblocks. Some are specific and some more generic. The biggest is, as always, money. Government Guarantees Needed Nuclear sources across the board, from Arshad Mansoor of EPRI to James Schaefer of Guggenheim Partners, who is something of a Pied Piper for nuclear, say that for nuclear to move forward, the federal government must provide financing in the form of a “backstop” to protect against runaway losses. So far, the Trump administration hasn’t spoken to this. Another money issue is tax credits. The massive tax-cut bill now before the Senate seeks to phase out green tax credits, but treats nuclear power just a little kinder than…
2025-06-01T02:41:35+00:00