The US is trying to kick-start a “nuclear energy renaissance”
In May, President Donald Trump signed four executive orders to facilitate the construction of nuclear reactors and the development of nuclear energy technology; the orders aim to cut red tape, ease approval processes, and reshape the role of the main regulatory agency, the Nuclear Regulatory Commission, or NRC. These moves, the administration said, were part of an effort to achieve American independence from foreign power providers by way of a “nuclear energy renaissance.”
Self-reliance isn’t the only factor motivating nuclear power proponents outside of the administration: Following a decades-long trend away from nuclear energy, in part due to safety concerns and high costs, the technology has emerged as a potential option to try to mitigate climate change. Through nuclear fission, in which atoms are split to release energy, reactors don’t emit any greenhouse gases.
The Trump administration wants to quadruple the nuclear sector’s domestic energy production, with the goal of producing 400 gigawatts by 2050. To help achieve that goal, scientific institutions like the Idaho National Laboratory, a leading research institute in nuclear energy, are pushing forward innovations such as more efficient types of fuel. Companies are also investing millions of dollars to develop their own nuclear reactor designs, a move from industry that was previously unheard of in the nuclear sector. For example, Westinghouse, a Pennsylvania-based nuclear power company, plans to build 10 new large reactors to help achieve the 2050 goal.
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.