U.S. should double its nuclear energy by 2050, says NIA report

April 19, 2022, 3:00PMNuclear News

The Nuclear Innovation Alliance (NIA), a nonprofit advocating for advanced nuclear, has announced the publication of a new report, Fission Vision: Doubling Nuclear Energy Production to Meet Clean Energy Needs. According to the April 13 announcement, the United States needs a “focused national effort” to develop and deploy advanced nuclear technologies to help meet midcentury climate goals.

Current U.S. climate targets (set by the Biden administration) include a 50–52 percent reduction from 2005 levels in net greenhouse gas pollution by 2030 and a net-zero–emissions economy by 2050.

Fission Vision answers the question: What is the role advanced nuclear energy could play at a scale and at a pace to help provide safe, reliable, and affordable clean energy?” said Judi Greenwald, NIA’s executive director. “Fission Vision has three objectives: catalyzing a robust U.S. innovation and commercialization ecosystem, ensuring ‘social license’ to operate advanced nuclear energy, and reimagining and integrating advanced nuclear energy with other clean energy sources. If we can achieve these objectives—and we think we can—advanced reactors will play a major role in meeting our climate and energy goals by at least doubling U.S. nuclear energy production by 2050.”

New report focuses on ESG frameworks and nuclear financial investments

March 31, 2022, 7:12AMANS Nuclear Cafe

The Nuclear Innovation Alliance released a report on March 25 titled “ESG Frameworks and Advanced Nuclear Energy,” discussing how environmental, social, and governance (ESG) frameworks affect advanced nuclear energy technologies. The report, as described in an NIA press release, “includes potential actions the nuclear industry and financial community should consider to promote consistent analytical treatment of nuclear energy within ESG frameworks and efficient access to capital for nuclear investments.”

Need for consistent frameworks: Judi Greenwald, the NIA executive director, explained the need for consistent ESG frameworks, noting that “[n]uclear energy technologies are particularly affected by the inconsistent treatment of some frameworks regarding the ESG attributes of energy technologies. . . . As frameworks are standardized and embedded in policy, if their flaws are not addressed, advanced nuclear energy could be left at a disadvantage in terms of access to capital.”

ANS presents members-only event on HALEU and nuclear energy’s future

March 8, 2022, 12:00PMANS News

ANS is hosting an expert panel for the members-only virtual event, “High-Assay Low-Enriched Uranium: Fueling Nuclear Energy’s Future,” on Friday, March 11, from 10 to 11 a.m. (EST).

Register now for the event. Can't attend live? Register to receive a link to the recording.

Bipartisan legislation to accelerate nuclear innovation introduced in House

December 15, 2021, 7:00AMNuclear News

Luria

Gonzalez

Reps. Anthony Gonzalez (R., Ohio) and Elaine Luria (D., N.Y.) have again teamed up to launch bipartisan pronuclear legislation in the House. On December 7, with Luria as cosponsor, Gonzalez unveiled the Accelerating Nuclear Innovation through Fee Reform Act (H.R. 6154), aimed at accelerating innovation and catalyzing private sector investment in advanced nuclear reactor technologies by eliminating Nuclear Regulatory Commission review fees for advanced reactor license applications, which could reach tens of millions of dollars, disincentivizing developers from bringing new technologies to market.

Countdown to the ANS Winter Meeting

November 18, 2021, 6:52AMANS News

Excitement is building for the 2021 ANS Winter Meeting and Technology Expo, which will be ANS’s first-ever completely hybrid event. The Winter Meeting will take place at the Washington Hilton in Washington, D.C., from November 30 to December 3, which is later than normal because the original venue for the Winter Meeting closed in the early days of the COVID-19 pandemic.

Nuclear Innovation Alliance releases new reports on advanced nuclear technology

October 14, 2021, 9:30AMANS Nuclear Cafe

The Nuclear Innovation Alliance (NIA) has followed up its report, Advanced Nuclear Technology: A Primer, published last month, with the release of two new reports on the subject—one for policymakers, the other for investors.

For policymakers: According to the NIA, Advanced Nuclear Reactors for State Policymakers, in Brief provides an overview of enabling federal policies and looks at state options to incentivize local development of advanced reactors. In addition, the report features a series of “topical briefs” on the characteristics of advanced reactors with respect to safety, economic benefits, waste remediation, flexibility and dispatchability, and timing and development. The report also contains case studies of state-specific advanced nuclear projects such as the Natrium reactor demonstration project in Wyoming, Energy Northwest’s plans in Washington state, Utah Associated Municipal Power Systems’ consortium for the first light water small modular reactor, and the Nuclear Alternative Project in Puerto Rico.

Nuclear Innovation Alliance publishes report on advanced reactors

September 27, 2021, 12:00PMNuclear News

With the goal of providing basic information on advanced reactors to help the public and stakeholders understand the technology’s promise, the nonprofit think tank Nuclear Innovation Alliance has published Advanced Nuclear Technology: A Primer.

Legislation to spur clean energy innovation debuts on Capitol Hill

July 30, 2021, 7:00AMNuclear News

Approximately 40 percent of cumulative carbon dioxide emission reductions needed to meet sustainability targets rely on technologies not yet commercially deployed on a mass-market scale, according to last year’s Special Report on Clean Energy Innovation from the International Energy Agency.

Whitehouse

Crapo

Intent on lowering that percentage, both the Senate and House earlier this week introduced bipartisan legislation to rapidly scale up and diversify emerging energy technologies. On July 27, Sens. Mike Crapo (R., Idaho), ranking member of the Senate Finance Committee, and committee member Sheldon Whitehouse (D., R.I.) introduced the Energy Sector Innovation Credit (ESIC) Act, or S. 2475. The credit, according to Crapo’s office, is a technology-inclusive, flexible investment tax credit (ITC) or production tax credit (PTC) designed to promote innovation across a range of clean energy technologies, including generation, energy storage, carbon capture, and hydrogen production.

Group calls for NRC licensing fee reform to spur advanced nuclear

May 20, 2021, 2:59PMNuclear News

The Nuclear Innovation Alliance (NIA) yesterday released a report, Unlocking Advanced Nuclear Innovation: The Role of Fee Reform and Public Investment, arguing that a reform of the Nuclear Regulatory Commission’s user-fee model for new license applicants, combined with more funding for advanced reactor licensing and regulatory infrastructure, will unlock innovation and support U.S. leadership in advanced nuclear energy.

The 38-page report asserts that as currently structured, the NRC’s fee model inhibits carbon-free advanced nuclear innovation in two primary ways: First, it limits the agency’s resources, flexibility, and efficiency; and second, the open-ended costs associated with paying fees impose barriers to new entrants.

Groups call for funding boost to DOE energy programs

May 5, 2021, 7:00AMANS Nuclear Cafe

More than 100 organizations, including the American Nuclear Society, have signed a letter to congressional leaders asking for a multi-billion dollar increase in the Department of Energy’s innovation funding to increase American competitiveness. The letter, dated May 4, was conceived by Third Way, a national think tank that champions modern center-left ideas.

Bill to spur clean energy investment brought back in Senate

April 12, 2021, 12:00PMNuclear News

Moran

Coons

Sens. Chris Coons (D., Del.) and Jerry Moran (R., Kan.) late last month reintroduced legislation to give investors in clean energy projects, including advanced nuclear, access to a tax advantage currently available only to fossil fuel investors. The bipartisan bill, the Financing Our Energy Future Act (H.B. 1034), was initially introduced in June 2019.

The measure would enable clean energy companies to form master limited partnerships (MLPs)—business ventures that combine the tax benefits of private partnerships (where profits are taxed only when investors receive distributions) with the liquidity of publicly traded companies. By statute, MLPs are currently available only to investors in energy portfolios for oil, natural gas, coal extraction, and pipeline projects.

Strategy for U.S. leadership in advanced nuclear released

March 2, 2021, 6:59AMNuclear News

The Nuclear Innovation Alliance (NIA) and the Partnership for Global Security (PGS) have released a joint report laying out a comprehensive strategy for U.S. leadership in the commercialization of next-generation nuclear power.

The 34-page report, U.S. Advanced Nuclear Energy Strategy for Domestic Prosperity, Climate Protection, National Security, and Global Leadership, says that collaboration between government, industry, civil society, and other nations can bring advanced reactors to market to reduce global emissions, provide domestic jobs, and support national security.

The report was released with a 58-minute webinar available on YouTube.