Officially established on November 15, 2021, with the signing of the $1.2 trillion Infrastructure Investment and Jobs Act—aka the Bipartisan Infrastructure Law, or BIL—the Department of Energy’s Civil Nuclear Credit Program was designed to give owners/operators of commercial U.S. reactors the opportunity to apply for certification and competitively bid on credits to help support the continued operation of economically troubled units. Finally, the federal government, and not just certain farsighted state governments, would recognize nuclear energy for its important grid reliability and decarbonization attributes.
June 2, 2023, 3:07PMNuclear News
March 14, 2023, 9:39AMEdited March 14, 2023, 9:38AMNuclear News
“Right now, our country is deficient in nearly every aspect of the fuel cycle. This must change and it must change quickly,” said Sen. Joe Manchin (D., W.V.), chairman of the Senate Committee on Energy and Natural Resources (ENR), as he opened a Full Committee Hearing to Examine the Nuclear Fuel Cycle on March 9. “Whether it is uranium mining, milling, conversion, enrichment, nuclear fuel fabrication, power generation, or nuclear waste storage and disposal, there is much work to be done, starting with conversion and enrichment. Simply put, Russia dominates the global market, representing nearly half of the international capacity for both processes.”