May 9, 2023

Support for nuclear power soars


Grist writes: "US support for nuclear power soars to highest level in a decade: As the country looks to decarbonize, nuclear’s popularity continues to climb." This is what Akielly Hu, Grist's News and Politics Fellow, reports following the release by Gallup of a survey that found that 55 percent of US adults support the use of nuclear power. This total is up four percentage points in a year, and "reflects the highest level of public support for nuclear energy use in electricity since 2012."

Among other findings, the survey found that Republicans are more likely to favor nuclear energy than Democrats, which partisan divide is particularly visible at the state level, with more pro-nuclear policies adopted in Republican-controlled states than left-leaning ones. Nevertheless, support for nuclear energy by Democratic is also on the rise, in part due to advances in nuclear technologies and new federal climate laws that clarify the fact that nuclear power is carbon-free energy and can help in efforts to solve climate change.

The Biden administration has identified nuclear energy as a key climate solution to achieve grid stability in a net-zero future. The administration is pushing for the deployment of advanced nuclear reactor models that improve on the safety and efficiency of traditional reactor designs. These designs will all be far more consistent and reliable than wind and solar energy, which vary depending on the weather.  The broader shift in public opinion and, in particular, Democratic opinion toward nuclear energy, is at least partially a function of strong pronuclear leadership coming from the Biden Administration and the DOE under Secretary Jennifer Granholm.

Read more at Grist, US support for nuclear power soars to highest level in a decade, by Akielly Hu, May 9, 2023.

March 21, 2023

Oliver Stone’s “Nuclear Now” Film Delivers

Oliver Stone’s new pronuclear documentary “Nuclear Now” has announced distribution in North American and will be coming to a theatre near you later this spring. The three-time Academy Award winner signed Abramorama and Giant Pictures for the right to screen the film in theaters and on streaming platforms. Nuclear Now will open in New York, Los Angeles and other markets across the U.S. and Canada beginning on April 28th, followed by its release to digital and streaming services.

The film, based on the 2019 book by Dr. Joshua S. Goldstein, "A Bright Future", makes the case that nuclear is a vital piece of our clean energy solution to climate change. Stone was able to obtain extraordinary access to people in the industry around the world, including Nucleation's managing partner, Rod Adams and nuclear influencer, Isabelle Boemeke, among others. But Stone also was able to film unique, revealing and damning footage of the acknowledgement of responsibility of Russian operators of the Chernobyl plant for having neglected their jobs and allowing that accident to happen, which caused unimaginable damage to the nuclear industry.

Unlike so many Hollywood disaster and dystopia films, “Nuclear Now” contains a hopeful, “we can do this” message. It features a small selection of some of the many scientists, engineers and communicators working to develop or enable the kinds of advanced nuclear energy systems that are being added to the Nucleation Capital portfolio. In addition to Rod Adams the film’s stars include Jake DeWitt (Oklo), Caroline Cochran (Oklo), Shannon Bragg-Sitton (INL), Ashley Finan (NRIC), Isabelle Boemeke (Isodope), and Joshua Goldstein, the author of the book, "A Bright Future."

“This is, in my mind, the greatest story of our time,” Oliver Stone said in an interview with Deadline, “discussing humanity’s arc from poverty to prosperity and its mastery of science to overcome the modern demand for more and more energy. I am thrilled that Richard Abramowitz and the teams at Abramorama, Mediawan, ROCO, Giant, Think-Film Impact Production and Participant have come on board to help share this important message with audiences across the country and around the world.”

Updates:
  1. Now you can listen to Rod Adams interviewing Oliver Stone and Joshua Goldstein, co-writers of Nuclear Now, for Atomic Show #305. In their conversation, Rod explores their personal journeys from being reflexively opposed to nuclear energy to becoming committed proponents of nuclear power as an important tool for mankind, in a climate stressed world.
  2. May 2, 2023: Nucleation Capital hosted the first of several virtual gatherings for those wishing to discuss the film. We invited anyone who was going to attend a local screening to join our virtual Zoom discussion and get their questions answered. This was a very informative and lively discussion. (Sorry, it was not recorded but we will do more.)
  3. May 5, 2023 Update:  If you were unable to see the film in the theater, we will be hosting a free screening for those who have not had the chance to see the film. You can now sign up here to get a link to see the film during the coming week or weeks. We will then send you a notification about the next virtual panel discussions, which are now scheduled for Thursday, May 11th and Thursday, May 25th at 5:00 pm PT/8:00 pm ET (on both days).

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Read more at Deadline, "'Nuclear Now' Trailer: Oliver Stone's Documentary Makes Case for Atomic Energy to Solve Climate Change," by Matt Grobar, March 21, 2023.

New York Times, ‘Nuclear Now’ Review: Oliver Stone Makes the Case for Power Plants, by Brandon Yu, NYT Film Critic, April 27, 2023.

HuffPost, Oliver Stone Wants To Atone For Hollywood’s Sins Against Nuclear Energy, by Alexander Kaufman, May 7, 2023.

March 20, 2023

El Salvador Explores Nuclear Entry with Gen IV


El Salvador has just taken a small but meaningful step towards building an advanced climate-resilient economy and accelerating next-generation nuclear. The government has decided to explore becoming a nuclear nation through the deployment of thorium-based molten salt reactors, a Gen IV design, thereby leapfrogging traditional nuclear technology.

As reported by Power Magazine, the El Salvador government signed a Memorandum of Understanding with the Thorium Energy Alliance to “formally establish the framework for cooperation between Thorium Energy Alliance and the DGEHM to develop a comprehensive and strategic plan to deploy, in an advanced and safe manner, energy generation through thorium-powered reactors and thermal energy storage systems.”

The MOU was negotiated and signed by Daniel Alvarez, El Salvador's director general of Energy, Hydrocarbons, and Mines (DGEHM) and John Kutsch, executive director of the Thorium Energy Alliance. What is most impressive about this agreement is that, in selecting this path, El Salvador shows that it recognizes the abundant benefits of Gen IV nuclear designs and has decided to assume some of the risk of being an early adopter of an innovative technology perhaps in exchange for being one of the earliest beneficiaries as well.

“This is not just a deep dive into technologies and rollout issues, and a white paper proposal, this is something that El Salvador is dedicated to making happen,” Kutsch said in a presentation given at the signing ceremony.

Learn more at Power Magazine, El Salvador Sets Sights on Joining the 'Nuclear Power Club,' by Aaron Larson, Mar 20, 2023.

March 1, 2023

Industry decarbonization moves ahead with Dow Chemical / X-energy partnership


Dow Chemical has signed a development agreement with X-energy Reactor Company to build its DOE-funded demonstration 4-pack Xe-100 advanced nuclear plant at a Dow Chemical Gulf Coast site. Dow's very strategic move makes it one of the first industrials to acknowledge that decarbonization will not be possible without advanced nuclear energy.

This is a key watershed moment, marking the imminent arrival of an entirely new category of clean energy power plants that are entering the market with an ability to provide both carbon-free electricity and clean, high-temperature steam for industrial purposes. Dow's interest reflects the likely appetite among large industrials for clean energy alternatives in their very hard-to-decarbonize sector and the appeal of having the DOE as a funding partner in the development of a first-of-a-kind plant.

Nuclear power has been serving the electricity needs of grid-scale utilities for six and a half decades. But until now, it has not been able to compete in the industrial process heat market. Now, X-energy and a number of other advanced nuclear ventures are designing more functional and flexible power plants that generate extra high-temperature stream. This steam can be piped directly to an industrial processing area which needs high-temperature heat for chemical processing or it can be converted into electrons with a turbine and generator to provide electricity.

Accordingly, for a company like Dow Chemical and hundreds of other industrial companies producing steel, ammonia, hydrogen, hydrocarbons or doing desalination, the Xe-100 provides a very compelling energy choice, as it can provide a lot of reliable, flexible power with stable pricing that can also feed electrons into the grid, when grid prices are high.

X-energy was one of two awardees of the DOE's Advanced Reactor Demonstration Program (the other awardee being TerraPower), entitling it to an initial grant of $80 million towards the demonstration of its Xe-100 power plant, consisting of four 80 MWe/200 Mwth reactors and a fuel fabrication facility within seven years (by 2028). The ARDP received an additional $2.5 billion from the Bipartisan Infrastructure Law for the demonstrations of two advanced reactor technologies, which will build on the initial $160 million received from the Office of Nuclear Energy prior to OCED’s creation.

X-energy initially planned to build is X-100 up in Washington state, in a partnership with and at a site hosted by Energy Northwest. Since receiving the award, X-energy has completed the engineering and basic design of its reactor and its fuel fabrication facility and is preparing to submit an application with the NRC, which has not yet happened. Meanwhile, the company has also agreed to go public via a merger with the Ares SPAC later this spring and these have likely helped give Dow Chemical the confidence to make an offer to partner with X-energy.  If that isn't enough, the company just announced plans to open its first support center, to service its initial deployments of its Xe-100 plants.

Learn more at Power, X-energy and Dow Will Deploy a 320-MWe Xe-100 Nuclear Facility at Gulf Coast Site, by Sonal Patel, Mar 1, 2023.  See Bloomberg for "Ares SPAC is Merging with Nuclear Energy Firm X-Energy, Dec. 6, 2022. Read more about the X-Energy Plant Support Center at X-energy: X-energy to Open First Plant Support Center for Xe-100 Advanced Small Modular Reactor Fleet, March 7, 2023.  More about the DOE's ARDP Awards.

February 15, 2023

Energy Insiders Plan for More Nuclear


RTO Insider has reported on the discussion at the NARUC meeting in mid-February, in which the Tennessee Valley Authority CEO, Jeff Lyash, made the case for his need for nuclear energy to achieve his goals of 80% carbon-free generation by 2035 and net-zero by 2050.

The TVA already has an early has an early site permit from the Nuclear Regulatory Commission to build its first SMR at Clinch River. But Lyash is not interested in building one reactor. “In order for us to be successful, TVA needs something on the order of 20 reactors over that period of time," Lyash remarked to those gathered at the National Associate of Regulatory Utility Commissioners Winter Policy summit in Washington, D.C. 

TVA, a federally-owned utility, will still need a construction permit for the 300 MW GE Hitachi MWRX-300 SMR that it is planning to build but what Lyash really needs is for the construction to reach "nth-of-a-kind costs, supply chain, workforce, project execution" to make constructing a portfolio of 20 or more reactors and slam dunk.

The rising need for nuclear power as a critical technology to enable full decarbonization was a major theme of the NARUC conference. As such, the formation of a new initiative, the Advanced Nuclear State Collaborative, to bring together members of NARUC and the National Association of State Energy Officials was announced by David Wright, an NRC commissioner, and Tricia Pridemore, chair of the Georgia Public Service Commission. The initiative, sponsored by the Department of Energy, will provide technical assistance and expertise for states deploying or considering new nuclear projects, Commissioner Pridemore said.

The new collaborative is the response to growing interest in nuclear by energy insiders. In at least 20 states, “public service commissions and state energy offices are engaged in feasibility studies for advanced nuclear reactor site selection, strategies to reduce regulatory and policy barriers to new nuclear, and other activities to pave the way for advanced reactors,” Commissioner Pridemore said.

With the two new AP1000 reactors at Vogtle just starting to come online, one might think that the troubled Southern Co. experience of building them at more than double the original cost and six years delayed might put a damper on interest in building more nuclear. In fact, Lyash and LPO Director, Jigar Shah, agreed that Vogtle showed that "America is deciding to do big things."  

As a result of completing these AP1000s, there are now 13,000 trained men and women with experience in building new power plants. They will next be deployed in building the next AP1000s in Poland, which selected the Westinghouse AP1000 in part because the Vogtle plant got done, produced valuable lessons, and there is current knowhow for building it. 

Now, this experience is available to benefit all new buyers, de-risk new builds and improve the financial and public trust in the technology. If more customers step up, whether for the AP1000 or other new designs, the valuable lessons learned can actually benefit the U.S., other nations and our decarbonization efforts and help keep nuclear power competitive in general.

In fact, according to Lyash, nuclear power plants are "highly competitive."  And he should know because nuclear generates 42% of TVA's power supply. So while nuclear plants require large up-front capital expenditure, "they have a tremendously long and beneficial life," per Lyash. "They also deliver all the attributes to a power system that you need—voltage, frequency and maneuverability." The key need going forward: Buidling them on time and on budget.

Read more at RTO Insider, Making the Case for Nuclear at NARUC, by K. Kaufman, Feb 15, 2023. 

February 11, 2023

Nuclear wins inclusion as “green” source for hydrogen


French energy minister Agnès Pannier-Runacher

France appears to wins another round against Germany in the fight to have nuclear included as a clean energy source within EU Commission rules. The EU has agreed that nuclear energy powered hydrogen will be classified as "green," so long as the carbon-intensity of the country's electricity is below 65 grammes of CO2 equivalent per kilowatt hour.

Early reporting on the EU Commission's decision regarding classification of hydrogen as "green" indicates that, once again, the EU will be recognizing low-carbon nuclear power as "green."

For more than a year, the EU has been assessing and evaluating the best way to ensure that hydrogen producers can't easily claim "green" production by using existing renewable energy, in a form of greenwashing, that simply takes credit fo renewable power that was being used elsewhere. This has forced the EU to look closely at both "additionality" and "carbon intensity."

The new rules, a draft version of which leaked out but which have not been formally published, seek to ensure that that green hydrogen is made only from “additional” renewable power, by forcing the producer to correlate its production in time and space to prevent cannibalisation of existing sources of clean energy. The Commission has finally arrived at a decision and set out two important additionality criteria:

  • By 2030, hydrogen production must be matched to renewable energy production on an hourly basis. Until then, the correlation is set on a monthly basis.
  • By 2028, hydrogen producers must prove that their electrolysers are connected to renewable energy installations no older than 36 months.

This decision enables investments in new hydrogen production to move forward with a clear understanding of how that production can benefit from the benefits available to clean energy until 90% of electricity production in a given country is produced from low-carbon sources.

While Germany has sought to exclude nuclear energy as a clean power source, France has been lobbying Brussels on the opposite side, arguing that hydrogen produced by nuclear power is also be considered "green." It appears that France has won its case in the draft rules.

In recognition of nuclear's low-carbon production, the EU has agreed that hydrogen produced in a country like France with the intensity of electricity is lower than 18 gCO2eq/MJs (or approximately 65 grammes of CO2 equivalent per kilowatt hour), then the hydrogen can qualify as green. 

Among all 27 EU countries, only France and Sweden meet this criteria. In 2021, when its nuclear fleet was almost fully operational, French power was 70% of its energy, 85% low-carbon and emissions stood at 56g CO2e per kWh. Sweden, for its part, powered predominantly with hydropower, stands at an average of 28gCO2e/Kwh.

Not only is this EU rule a win for pronuclear countries, it is laying an important precedent in setting out a base level of carbon-intensity that recognizes that what matters is the carbon-intensity of the total grid, not the amount of renewable energy. We believe this will be of increasing importance over time.

Read more at EURACTIV LEAK: France wins recognition for nuclear in EU's green hydrogen rules, by Nikolaus J. Kurmayer, Feb. 11, 2023.

January 30, 2023

Menu of Nuclear Options Begins to Grow


Ontario Power Generation and partners signed a commercial contract to build a GE Hitachi-designed BWRX-300 small modular reactor (SMR). Several other groups are also looking at the BWRX-300, which at 300 MWs, is about 1/3rd the size of a traditional 1GW reactor. This further expands the menu options for those looking at nuclear.

Ontario Power Generation, GE Hitachi Nuclear Energy, SNC-Lavalin, and Aecon Group signed a contract to deploy a BWRX-300 small modular reactor at OPG’s Darlington New Nuclear Project site in Clarington, Ontario.  According to their announcement, this may represent the first grid-scale SMR to be built in North America, which represents an important expansion in the menu of options available to those seeking low-carbon power generation.

There are many other interested potential buyers not far behind OPG. The Tennessee Valley Authority began planning and preliminary licensing for possible deployment of a BWRX-300 at the Clinch River Site near Oak Ridge, Tennessee. TVA is collaborating with OPG to advance SMR technology and the U.S. Nuclear Regulatory Commission and Canadian Nuclear Safety Commission are working together to license the two projects, according to GEH.

The OPG agreement, however, is a firm contract with a utility, an architecture engineer and a construction company to actually build the plant, rather than an LOI or MOU, and in this respect it is a milestone for the industry. In addition, Saskatchewan Power Corp. said in June it selected the BWRX-300 for possible deployment in Saskatchewan in the mid-2030s.

In addition to the GEH BWRX-300, the NuScale Voygr plant was recently added to the menu of available advanced plant options. NuScale has already received federal approval for its 50MW, maximum 12-pack reactor design and it's working to get approval for an uprated model with base units of 77MW. Together these two new designs represent a 200% increase in the number of available nuclear designs and sizes available to prospective buyers, in addition to the AP1000, with 1117 MWe, the first two of which are nearing completion at the Vogtle plant in Georgia. 

Learn more at UtilityDive, GE Hitachi and 3 partners announce first commercial contract for grid-scale SMR in North America, by Stephen Singer, Jan. 30, 2023.

December 22, 2022

Japan plans to maximize nuclear energy again


Japan—the site of one of the worst nuclear accidents ever to occur—has reversed the decision to end use of nuclear. In a policy vote, Japan has adopted a plan to once again maximize use of nuclear to meet energy needs while reducing emissions.  This is a major shift for Japan. Now the question on everyone's mind, is whether the Germans will follow suit and consider re-starting their nuclear power plants.

For many, this reversal would seem quite unbelievable. Yet, in the face of global fuel shortages, rising prices and the threats posed by climate change, facts matter. 

In fact, the Fukushima tragedy has been wildly mischaracterized. An earthquake set off a tsumani, which hit the Fukushima prefecture with a 30-foot wave which killed more than 15,000 people, caused billions in damage and also wiped out power to the Daiichi power plants. The loss of power happened because of improper placement of the back-up power system and poor enforcement. This resulted in loss of coolant and a reactor melt-down, which damaged the plant. However, the actual melt-down did not cause a single death. A better interpretation is to see this performance as evidence of the incredible safety of the plant, despite such severe circumstances.

Under their new policy, not only will Japan restart as many reactors as possible but they also plan to prolong the operating lives of againg plants and begin the process of developing next-generation reactors for building more nuclear capacity. Apparently, before Fukushima, Japan's 54 nuclear reactors provided 30% of the nation's power. Now, there are just 10 plants operating, 27 that have applied for restarts and 17 that have passed safety checks.  Yet there are almost 20 that will likely need to be retired.

UPDATE Feb 2023:  According to Kyodod News, Japan's Cabinet formally adopted the planned policy (as described above) to allow for "the operation of nuclear reactors beyond their current 60-year limit alongside the building of new units to replace aging ones as part of efforts to cut carbon emissions while ensuring adequate national energy supply." 

Additionally, the Japanese government plans to raise about 20 trillion yen ($152 billion) through the issuance of green transformation bonds to boost investment in decarbonization projects, as it estimates public and private investment of over 150 trillion yen will be necessary over the next 10 years.

Read more at the AP,  "Japan adopts plan to maximize nuclear energy, in major shift," by Mari Yamaguchi, December 22, 2022 and Kyodo News, "Japan formally adopts policy of using nuclear reactors beyond 60 yrs," February 10, 2023.

November 23, 2022

Giving Thanks & Acknowledging All We Stand to Lose

anksgiving isn't typically a time for making investment decisions . . . but it should be. Americans honor our country's beauty and bounty in many ways—most notably through the national holiday actually called "Thanksgiving," which celebrates the abundance of the land we inherited centuries ago. We feast on turkey, sweet potatoes, cranberries and other delicious indigenous foods that sustained early pilgrims. Now, that abundance and beauty is at risk—as are all societal systems and traditions—as we now know that our lifestyles are simply not sustainable in their present configuration.

If we want the Thanksgiving tradition to survive, we cannot afford to ignore the forced heating impacts that the CO2 waste from our high-energy lives is having on the climate. So, in addition to celebrating Thanksgiving, we should take the opportunity to focus on the intergenerational threat we face, which we can do by acknowledging that fossil fuels are the wrong energy for the 21st century and investing in energy solutions that eliminate new emissions and also repair the damage already done by removing emissions previously released. This would be the best way to honor what we've enjoyed for so long, give thanks and do our part in leaving the world with a sustainable climate for our childrento enjoy.

Screenshot 2025 07 10 at 11.30.06 amThere are many challenges for humanity. The heating we've caused our planet is something we must urgently address but doing so isn't as easy as it seems. People love to celebrate happy holidays and gather over delicious feasts and feel good. It is another thing altogether to ask people to focus on negative issues, things that worry and stress us out, such as acknowledging that our dumping of fossil fuel waste into the atmosphere has dramatically disrupted the natural ecosystems which have long supported us. This is contrary to our nature, as we prefer celebrations to crises. But if we build into the Thanksgiving tradition the practice of honoring the bounties of nature that we have enjoyed and objectively assessing how much damage we have done to them and then finding ways to remedy that damage, we stand a better chance of reversing the damage by accelerating climate solutions.

Given the scale of the climate problem, it is not sufficient to try to address it with personal actions such as turning down the heat, recyling, composting or even buying an electric car. These things are good to do but will not solve the problem. The only way to do that is to reduce and then eliminate fossil fuels emissions, which are still being released in the gigatons. We are running out of time to act, so rather than take modest personal actions, we must seek to find things that we can do that provide greater leverage. It turns out that our greatest point of leverage is in nvesting into the innovations that can disrupt demand for fossil fuels. Why innovation? Because to date, there hasn't been a form of clean energy that competes head to head with fossil fuels. If we want to have a hope of eliminating our need for coal, oil, petroleum and natural gas, we need a clean, carbon-free and highly reliable replacement for it that the market can adopt super quickly.

Increasingly, people are recognizing that this future energy will come in a form of nuclear power. Only nuclear has the ability to address our growing demand for energy at scale and not force humanity to go cold turkey on highly reliable power (as would wind and solar, which are intermittent sources) or the quality of life that we have enjoyed as a result of the abundance of high-density fossil fuels. Fortunately, nuclear is a far better option! But several decades of languishing by the industry has caused 21st century nuclear to be delayed. We now need to invest in hastening the release of Gen IV designs and the supply and support services necessary to enable it to scale to replace all fossil fuels usage.

This is what Nucleation Capital is doing. Providing an investment vehicle that invests in advanced nuclear and related deep decarbonization innovations that allows more investors to invest in some of the most exciting, most competitive clean energy alternatives coming out of the advanced nuclear sector. These designs will compete directly with fossil fuels and, because of the urgency of our climate situation, as soon as they are available, the world will begin to replace their use of fossil fuels with this superior type of clean, reliable, dense energy and ecologically friendly energy. Which is why, for those looking for impactful investments that are off the beaten path and which, by their nature, can produce extraordinary returns, nothing can beat nuclear energy innovation.

So, if you'd like to do far more than just give thanks with your turkey, consider investing in the innovations that would allow us to end our dependence on fossil fuels. We expect that, over the next decade, the nations of the world will begin deploying any number of advanced designs to power cities, factories, campuses, ships, industry and homes without emissions, thereby maintaining energy security and grid reliability without needing fossil fuels. We'll even use nuclear to generate synthetic hydrocarbons (for where liquid fuels are still needed) and power CO2 and atmospheric carbon drawdown to begin to reverse the level of forced heating causing global warming.

Yes, investing in advanced nuclear is high risk. Yet not solving climate change poses the greatest risks of all, in that everyone risks losing everything we hold dear. Our property, our nest eggs, our children's happiness and comfort, and our traditions. Which is why more investors are considering allocating a portion of their investible capital to investments that can meaningfully reduce demand for fossil fuels. Whether they can invest a lot or little doesn't matter so much: they will still get the satisfaction of knowing that they are using their money to make a difference in the final years that we have to rescue our future.

 

*  The "Th" image above is the period table symbol for the element Thorium, and comes curtesy of the Thorium Energy Alliance, which advocates for the use of thorium along with uranium as a fuel for nuclear energy.

November 21, 2022

Diablo Canyon in line for $1.1B in DOE’s CNC funding


$1.1 billion in funding from the bipartisan Infrastructure Investment & Jobs Act's $6 billion Civil Nuclear Credit program has been conditionally awarded by the DOE to PG&E for use in relicensing and extending the life of Diablo Canyon, whose two reactors had been slated for retirement in 2024 and 2025.

As such, these funds will be used exactly as intended by the Federal Government's Civil Nuclear Credit program, to support “safe and reliable” carbon-free nuclear energy facilities, preserve some 1,500 high-paying jobs and reduce carbon emissions, the DOE said.

Diablo Canyon, a 2,240 MW nuclear power plant applied for the funding soon after the California Legislature voted to allow the plant to continue operating as the best way to prevent worsening grid instability, blackouts and increasing carbon emissions from expanded use of natural gas. PG&E's application, which won the support of California's governor, Gavin Newsom and his staff, passed through the first round of vetting done by the DOE on applications received.  Unfortunately, Michigan's already closed Palisades plant, despite support from Governor Gretchen Whitmer, did not receive conditional approval for funding.

“This is a critical step toward ensuring that our domestic nuclear fleet will continue providing reliable and affordable power to Americans as the nation’s largest source of clean electricity,” said U.S. Secretary of Energy Jennifer M. Granholm.

Patti Poppe, CEO of PG&E, said in a news release that the federal decision is “another very positive step forward to extend the operating life of Diablo Canyon Power Plant to ensure electrical reliability for all Californians.”

Nuclear power provides 50% of the carbon-free electricity in the U.S., but shifting energy markets and other economic factors have resulted in the early closures of 13 commercial reactors, DOE said. The plant shutdowns have led to an increase in carbon emissions, poorer air quality and the loss of thousands of high-paying jobs, the agency said.

The first Civil Nuclear Credit award cycle set as its priority reactors facing the “most imminent threat of closure,” DOE said. Applications are limited to reactors that announced intentions to shut due to economic factors. The second cycle will include reactors projected to close in the next four years.

Read more at UtilityDive: DOE conditionally awards PG&E’s Diablo Canyon nuclear plant $1.1B to forestall shutdown, by Stephen Singer, published November 21, 2022.

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