Next-Generation Electricity Production
The Department of Energy (DOE) recently announced a $900 million investment to develop and deploy next-generation nuclear reactors. This initiative is part of a broader effort to strengthen U.S. leadership in nuclear power, an energy source that is both reliable and carbon-free.
The investment, funded through the Bipartisan Infrastructure Law, focuses on small modular reactors (SMRs), which offer more flexibility than traditional nuclear reactors and can be deployed more quickly across diverse locations. SMRs also feature enhanced safety systems, such as passive cooling, which can operate without human intervention, reducing risks typically associated with nuclear power. The program encourages collaboration between the government and private companies to advance Gen III+ SMRs.
Ambitious Decarbonization Goals
Nuclear energy is key to meeting the U.S.’s decarbonization goals. Unlike fossil fuels, nuclear power emits no carbon dioxide during operation, making it a cornerstone of efforts to combat climate change. In 2023, nuclear energy produced about half of the U.S.’s carbon-free power. The DOE estimates that the U.S. will need 700-900 GW of additional carbon-free power to achieve net-zero electricity production by 2050. By investing in advanced reactors, the U.S. can generate clean, reliable electricity to meet rising energy demands.
As the U.S. aims for net-zero emissions by 2050, advancements in nuclear energy are essential. By investing in carbon-free power sources, the DOE ensures nuclear energy remains a vital part of America’s clean energy portfolio, supporting both decarbonization and energy security.
Read More:
- Public Spend Forum’s Market Report on Advanced Energy and Clean Energy Technology
- DOE’s Advanced Nuclear Commercial LiftOff Report
- Amazon to invest more than $500 million to develop small modular reactors
- Google to buy nuclear power for AI data centers
- Microsoft to reopen nuclear plant to power data centers