Tuesday, April 30, 2024

Fed Energy Official: "A Lot Of Shuttered Nuclear Power Plants Could Be Turned Back On"

 The federal government is expected to continue restarting shuttered nuclear power plants in the coming years to meet the increasing demand for clean, dependable energy essential for powering the economy of tomorrow.

"There are a couple of nuclear power plants that we probably should, and can, turn back on," Jigar Shah, director of the US Energy Department's Loan Programs Office, told Bloomberg in an interview.

Shah said, "A lot of the other players that have a nuclear power plant that has recently shut down and could be turned back on are gaining that confidence to try." He declined to give specifics about which plants were slated to reopen.

Nuclear power is the largest single source of carbon-free electricity.

The trend is only gaining steam as the revival of nuclear power plants will continue benefiting some of the largest uranium producers, such as Cameco.

Poppe told a Stanford University forum that nuclear power should continue to be part of California's power generation mix as efforts to decarbonize the grid.

"Nuclear should be part of the future," she said, noting that the state's only nuclear power plant - Diablo Canyon - could be granted a license extension through the 2030s by the Nuclear Regulatory Commission.

https://americafirstreport.com/fed-energy-official-a-lot-of-shuttered-nuclear-power-plants-could-be-turned-back-on/

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