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Progress on Nuclear Power

Summary:
In the last year two new nuclear reactor designs have been approved, the first time this has happened in a generation. In September, the NRC approved NuScale’s small modular reactor (SMR) and a few days ago they approved GE-Hitachi’s SMR. The Trump administration has also invested billions in nuclear power research and in 2018 passed the Nuclear Energy Innovation Capabilities Act. President Donald Trump signed into a law new legislation that will speed up the development of advanced reactors in the United States. The Nuclear Energy Innovation Capabilities Act (NEICA) eliminates some of the financial and technological barriers standing in the way of nuclear innovation. It also represents a strong commitment by the government to support the commercial nuclear sector, ensuring that the U.S.

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In the last year two new nuclear reactor designs have been approved, the first time this has happened in a generation. In September, the NRC approved NuScale’s small modular reactor (SMR) and a few days ago they approved GE-Hitachi’s SMR. The Trump administration has also invested billions in nuclear power research and in 2018 passed the Nuclear Energy Innovation Capabilities Act.

President Donald Trump signed into a law new legislation that will speed up the development of advanced reactors in the United States.

The Nuclear Energy Innovation Capabilities Act (NEICA) eliminates some of the financial and technological barriers standing in the way of nuclear innovation.

It also represents a strong commitment by the government to support the commercial nuclear sector, ensuring that the U.S. maintains its leadership around the globe.

Nuclear pairs extremely well with hydrogen, a carbon-free near pollution-free fuel, and nuclear also works great with solar (to smooth out capacity).

Will President Trump be remembered as the environmental president? Probably not. You can read dozens of pieces on Trump’s environmental policies (“rollbacks,” “reversals”) including this long Wikipedia article that never once mention nuclear, despite the fact that nuclear remains a leading technology for making progress on climate change.

The post Progress on Nuclear Power appeared first on Marginal REVOLUTION.

Alex Tabarrok
Alex Tabarrok is Bartley J. Madden Chair in Economics at the Mercatus Center at George Mason University and a professor of economics at George Mason University. He specializes in patent-system reform, the effectiveness of bounty hunters compared to the police, how judicial elections bias judges, and how local poverty rates impact trial decisions by juries. He also examines methods for increasing the supply of human organs for transplant, the regulation of pharmaceuticals by the FDA, and voting systems.

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