Bill Gates sold West Virginia Sen. Joe Manchin on advanced nuclear reactors
Advanced reactors have been promoted because they take up significantly less space than conventional reactors and could theoretically use reprocessed nuclear fuel
But they currently require enormous government subsidies to be commercially viable
Reactors also require many more years to build than renewable and fossil-fuel plants owing to stricter licensing requirements
How much more will taxpayers have to shell out to support Mr. Gates's investments?
The Inflation Reduction Act (IRA) included generous tax credits for advanced nuclear reactors, and the subsidies are sweeter for those built at sites of retiring coal plants such as TerraPower's in Wyoming.
These subsidies are costly for taxpayers and distort private investment.
https://www.wsj.com/articles/the-subsidy-tango-of-bill-gates-and-joe-manchin-terrapower-climate-spending-john-barrasso-jennifer-granholm-11671741449
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