Private fund managers and venture capitalists in 2022 invested more than $5 billion in nuclear power companies in the United States, where the industry is poised to build “hundreds of new reactors,” double its electrical output, and triple its workforce to meet a projected 50-percent increase in energy demand by 2050. It’s all very exciting,…
Nuclear Power Poised for Boom in US but Industry Says Regulatory Reform Needed
May 16, 2023
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Senators Question Why Biden’s ‘Rush to Green Energy’ Is Leaving Nuclear Power Behind
May 5, 2023
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2024 electionBiden green energy pushcongressDemocratseconomyExecutive BranchNational SecurityPolicies & ImpactsPoliticsRepublicansUSUS DOE FY24 BudgetUS NewsUS nuclear power industry
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President Joe Biden is steering U.S. Department of Energy (DOE) investments and inducements into “green energies” to meet his goals of a 100-percent “clean electricity grid” by 2035 and net-zero carbon emissions by 2050. Much of the DOE’s $52 billion Fiscal Year 2024 (FY24) budget request implements or enhances carbon-free energy development funded through programs…
Bringing Dead US Uranium Enrichment Industry Back to Life Will Be ‘A Heavy Lift’ But Needed: Industry Leader
April 18, 2023
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Uranium mining in the United States hasn’t been profitable since the Russians flooded the global market with predatorily priced ore and processed fuel a decade ago. Long before, the nation’s atrophied uranium enrichment industry, episodically idled by market paralyses and perpetually frozen in costly multi-jurisdictional regulatory entanglements, had ossified into obsolesce. In 1980, the United…
As Demand Rises, US Nuclear Power Industry Seeks to Shore Up Uranium Supply Chains
April 12, 2023
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2024 electionBiden 'Rush to Green Energy Policy'congressDemocratseconomyExecutive BranchInflation Reduction Act of 2022National SecurityPolicies & ImpactsPoliticsRepublicansUSUS NewsUS nuclear power industry
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The Biden administration’s commitment to transitioning from fossil fuels to renewable “green” energies such as electric, nuclear, solar, and wind over the next decade have fostered cart-before-horse disruptions and disconnects across an array of industries. For instance, initiatives adopted over the last four years when Democrats ruled both chambers in Congress in the Bipartisan Infrastructure…
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