Some two weeks after unveiling his state’s 2022 Energy Plan, Virginia Gov. Glenn Youngkin has announced his intention to include $10 million in the state’s next budget proposal—due in December—to create the Virginia Power Innovation Fund for research and development of nuclear, hydrogen, carbon capture and utilization, and battery storage technologies.
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Speaking earlier this week at the launch ceremony for Virginia’s 2022 Energy Plan, Gov. Glenn Youngkin called for an all-of-the-above approach, stressing the need for “an achievable and dynamic energy plan that provides for abundant, reliable, affordable, and clean energy.” He also left no doubt as to where nuclear power fits into that plan.
“We have to be all in [for] nuclear energy in Virginia,” Youngkin declared, addressing an audience of lawmakers, workers donning hard hats, and business executives at a power transformer manufacturing facility in Lynchburg. “When it comes to reliability, affordability, when it comes to clean power, when it comes to the abundant nature of growing power demand, absolutely nothing beats nuclear energy. It is the baseload of all baseloads. And Virginia is uniquely positioned to lead.”