One year after Inflation Reduction Act, renewable power projects surging - Charleston Gazette-Mail
One year after Inflation Reduction Act, renewable power projects surging | Energy and Environment | wvgazettemail.com
Wednesday marks one year since passage of a landmark federal law designed to spur an influx of public and private climate and renewable energy investments in West Virginia and nationwide.
As the Inflation Reduction Act approached its one-year anniversary, its potential to help power a cleaner energy economy became obvious during the West Virginia Public Energy Authority’s latest meeting.
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Related Knowledge Center: ENERGY BASICS: nuclear
Nuclear energy provides almost 20 percent of the U.S. electricity supply. Advocates have called for an expanded role for nuclear as an emissions-free fuel source. But the economics of building new reactors are daunting. In addition, lingering safety concerns are an institutionalized part of the calculation of nuclear regulation, and highly radioactive nuclear waste remains a can that public officials have been inclined to kick down the road. The Energy Information Administration projects a sharp decline in nuclear power generation over the next decade, as new nuclear plants — two are planned — are more than offset by anticipated retirements of several operating reactors.