Current:Home > ScamsNuclear power is gaining support after years of decline. But old hurdles remain -Dynamic Wealth Solutions
Nuclear power is gaining support after years of decline. But old hurdles remain
View
Date:2025-04-18 23:11:07
At the Nuclear Energy Assembly in Washington, D.C., this June, speaker Maria Korsnick urged the audience of hundreds to picture a world in which nuclear energy is triumphant.
"In this clean energy future, hundreds of reactors — from the existing models that we have today to advanced reactors both large and small — dot the landscape," said Korsnick, who's president and CEO of the Nuclear Energy Institute, a trade association.
Such a future would have been harder to even imagine a few years ago.
Over the past decade, nuclear power plants across the country have been shutting down early in favor of cheaper natural gas power.
Now, an influx of investment from the government and the private sector is changing the trajectory of the aging U.S. nuclear fleet and spurring development of new nuclear technology.
But many of the same old hurdles to scaling up nuclear power remain.
Nuclear is the largest source of zero-emissions power in the U.S.
One factor in the newfound appreciation for nuclear power is worsening climate change. Nuclear currently contributes nearly one-fifth of all electricity generated in the U.S., according to the U.S. Energy Information Administration, and is the biggest single source of power that does not directly create carbon emissions, although wind power eclipsed it briefly for the first time ever earlier this year.
In an effort to stave off more closures, the federal government began subsidizing older nuclear plants, opening up a $6 billion fund authorized in 2021's Infrastructure Investment and Jobs Act this year. That law also set aside an additional $2.477 billion for research and development of advanced nuclear reactor technology.
"Have no doubt, President Biden is serious about doing everything possible to get the U.S. to be powered by clean energy," Assistant Secretary for Nuclear Energy Kathryn Huff told conference attendees. "Nuclear energy is really essential to this," she said.
States across the country have also rolled out more nuclear-friendly stances.
More than half of all states include nuclear power in their plans to reduce carbon emissions from electricity generation, according to an Associated Press survey.
Some, like New York, were already funding older plants to stay open. In light of California's grid stability issues, Gov. Gavin Newsom started exploring options to keep the Diablo Canyon nuclear plant open, which is otherwise set to close by 2025.
Even major fossil fuel producer West Virginia recently repealed its ban on nuclear power. Republican delegate Brandon Steele, who represents a district in the southern, coal-producing part of the state, said diversifying energy production is good for business and energy security.
"If West Virginia can be a major producer, that serves the energy needs of the entire country and contributes to our national security," he said.
His argument cuts against the climate case for nuclear power. Steele tells NPR that he hoped bringing more nuclear and renewable energy to his state would help increase demand for coal, by increasing the overall demand for energy.
"[Nuclear is] a good complement to our coal-fired power. It's not a replacement, it's a complement," he said.
West Virginia currently has zero nuclear reactors. But Steele said the hope is to get in on the ground floor of advanced nuclear technology that's currently under development.
When it comes to new nuclear technology, the industry has "a tendency to overpromise and underdeliver"
Despite this momentum, if nuclear energy is going to grow even its boosters admit some things need to change.
When it comes to new nuclear technology, the industry has "a tendency to overpromise and underdeliver," said John Hopkins, president and CEO of NuScale Power/NuScale Corp, a publicly traded company working on advanced nuclear technology. His company was the first to receive federal approval for a small modular reactor design, but the first plant is not expected to be up and running until 2029.
"I want to get one module in the ground and prove we're commercially viable and we're going to do it on schedule," Hopkins told attendees during a panel at the Nuclear Energy Assembly in June.
That means cutting costs. Nuclear power has grown more expensive over time, according to the 2021 World Nuclear Industry Status Report.
By contrast, solar and wind power cost less and continue to come down in price, and when combined with long-term energy storage, could make nuclear power even less viable long-term, said Elgie Holstein, senior director for strategic planning for the Environmental Defense Fund.
"This is tough competition for these aging nuclear power plants," he said.
Edwin Lyman, director of nuclear power safety with the Union of Concerned Scientists, said nuclear's "unique liabilities and risks, both with regards to safety and security" also must be a part of any discussion over its usefulness. He points to the 2011 meltdown at a plant in Fukushima, Japan, and Russia's shelling of Europe's largest nuclear power plant in Zaporizhzhia, Ukraine, earlier this year as examples of what can go wrong. There is also still no model for disposing of nuclear waste long-term, although Finland has created the first permanent repository for its spent fuel.
In the race to figure out a way to transition off carbon, energy experts differ on how much nuclear power should play a part. Many models for lowering greenhouse gas emissions rely on keeping steady the amount of nuclear power that exists now, if not growing it. But alternative ones, such as a recent Stanford University study, show a path to zero carbon emissions without any nuclear power.
Jason Bordoff, director of the Center for Global Energy Policy at Columbia University, said skepticism is warranted regarding any new energy technology, "whether it's green hydrogen, long-duration storage, or advanced nuclear."
But with time running out to avert the worst effects of climate change, he said it's good to have options.
"We are so far away from coming anywhere close to meeting our climate goals that we're going to need all the tools in the toolbox," Bordoff said.
veryGood! (117)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Ukraine had no involvement in Russia concert hall attack that killed at least 133, U.S. says
- Score 51% off a Revlon Heated Brush, a $300 Coach Bag for $76, and More of Today’s Best Deals
- Katie Couric Is a Grandma as Daughter Ellie Welcomes First Baby
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- MLB pitcher Dennis Eckersley’s daughter reunited with her son after giving birth in woods in 2022
- Women’s March Madness Sunday recap: No. 2 Stanford survives ISU in OT; No. 1 South Carolina rolls
- Connecticut starting March Madness repeat bid in dominant form should scare rest of field
- 2025 'Doomsday Clock': This is how close we are to self
- Analysis: Florida insurers made money last year for first time in 7 years
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Navy identifies Florida sailor who died while deployed in Red Sea: He embodied 'selfless character'
- Powerball jackpot grows to $800 million after no winner in Saturday night's drawing
- Authorities ID brothers attacked, 1 fatally, by a mountain lion in California
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Here's how long you have to keep working to get the most money from Social Security
- Revenge tour? Purdue is rolling as it overcomes previous March Madness disappointments
- Candiace Dillard Bassett Leaving Real Housewives of Potomac After Season 8
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
1886 shipwreck found in Lake Michigan by explorers using newspaper clippings as clues: Bad things happen in threes
Inside Bradley Cooper and Gigi Hadid’s Broadway Date Night
Northeast U.S. pummeled with a mix of wind, rain, sleet and heavy snow on first weekend of spring
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
March Madness picks: Our Monday bracket predictions for 2024 NCAA women's tournament
Why Joey King Doesn't Consider Kissing Booth a Stain on Her Resume After Jacob Elordi Comments
Justin Fields 'oozes talent,' but Russell Wilson in 'pole position' for Steelers QB job