White House would send the DOE $1.5 billion to set up reliable LEU/HALEU supply

September 8, 2022, 3:06PMNuclear News
HALEU in the form of 1.5–3 kg reguli ready for fuel fabrication. (Photo: INL)

Those who welcomed the $700 million earmarked for high-assay low-enriched uranium (HALEU) supply in the Inflation Reduction Act of 2022 (IRA) in August have cause to celebrate again. The White House sent a supplemental appropriation request to Congress on September 2 that would provide more than double the IRA funds if passed—$1.5 billion—for the Department of Energy’s Office of Nuclear Energy to build a reliable supply of both low-enriched uranium for existing U.S. nuclear power plants and HALEU for the advanced reactors that will be built within the decade.

The IRA: Crediting nuclear energy

September 7, 2022, 3:03PMNuclear News

While the Inflation Reduction Act of 2022 (IRA), recently signed into law, has created a good deal of buzz in the nuclear community, the thought of wading through its 730 pages of legislative language can be a bit intimidating. Which is why, on August 26, the American Nuclear Society offered an hour-long, members-only webinar on the legislation and its key provisions for nuclear energy.

Moderated by John Starkey, ANS’s director of public policy, “Inflation Reduction Act: What’s in It for Nuclear” featured Benton Arnett, director of markets and policy for the Nuclear Energy Institute; Josh Siegel, energy and climate change reporter for Politico; Rory Stanley, staff member of the Senate’s Energy and Natural Resources Committee; Elina Teplinsky, partner at Pillsbury Winthrop Shaw Pittman; and James Wickett, partner at Hogan Lovells. (ANS members can view the full webinar here.)

“We’re Gonna Need a Bigger Boat”

September 7, 2022, 7:01AMNuclear NewsCraig Piercy

Craig Piercy

Everyone knows the iconic scene in the classic 1975 movie Jaws when Chief Brody, played by Roy Scheider, is chumming the waters off the coast of Cape Cod and finds himself face-to-face with a 25-foot great white shark for the first time. As you will remember, the scene cuts to Brody shuffling into the boat’s cabin, turning to Quint—the salty captain played by Robert Shaw—and saying rather dryly, “You’re gonna need a bigger boat.”

That image, of someone confronting the true scope of their challenge, is the thing that kept creeping into my mind as I walked the expo floor of the 2022 Utility Working Conference held on Marco Island, Fla., last month.

Yes, the excitement was palpable. The Inflation Reduction Act was cruising toward enactment with $30–40 billion in new nuclear-eligible clean energy tax incentives in its berth. Dow had just announced its intention to partner with X-energy to site a high-temperature gas reactor at one of its Gulf Coast manufacturing facilities.

Congress passes climate bill with tax credits and more for nuclear

August 15, 2022, 9:30AMNuclear News

After hours of debate alternating between Democratic praise for the Inflation Reduction Act (IRA) and Republican denunciation of it, the House of Representatives late Friday passed the sweeping energy, tax, and health care package in a straight party-line vote, 220–207. Its passage represents a significant win for President Biden, who is expected to sign the bill into law this week.

The boldly named $430 billion measure includes $369 billion in energy security and climate spending, with nuclear energy included among the beneficiaries.

American Nuclear Society welcomes House passage of clean energy provisions in the Inflation Reduction Act

August 12, 2022, 7:25PMPress Releases

LA GRANGE PARK, Ill. – The American Nuclear Society (ANS) President Steven Arndt and ANS CEO and Executive Director Craig Piercy issued the following statement on the Inflation Reduction Act of 2022: