RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2022-11-23 10:15:00

U.S. CLEAN NUCLEAR INVESTMENT $6 BLN

U.S. CLEAN NUCLEAR INVESTMENT $6 BLN

U.S. DOE - NOVEMBER 21, 2022 - Biden-Harris Administration Announces Major Investment to Preserve America’s Clean Nuclear Energy Infrastructure

The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced the conditional selection of the Diablo Canyon Power Plant, located near Avila Beach, California, to receive the first round of funding from the Civil Nuclear Credit (CNC) Program. Funded by President Biden’s Bipartisan Infrastructure Law, the $6 billion CNC program supports the continued operations of safe and reliable nuclear energy facilities, preserving thousands of good-paying clean energy jobs while avoiding carbon emissions. As the nation’s largest source of carbon-free power, America’s current fleet of nuclear reactors is a vital resource for achieving the President’s goal of 100% clean electricity by 2035 and a net-zero emissions economy by 2050.  

“This is a critical step toward ensuring that our domestic nuclear fleet will continue providing reliable and affordable power to Americans as the nation’s largest source of clean electricity,” said U.S. Secretary of Energy Jennifer M. Granholm. “Nuclear energy will help us meet President Biden’s climate goals, and with these historic investments in clean energy, we can protect these facilities and the communities they serve.”  

Nuclear power currently provides 50% of the nation’s carbon free electricity but shifting energy markets and other economic factors have already resulted in the early closures of 13 commercial reactors across the United States since 2013. These closures have led to an increase in carbon emissions in those regions, poorer air quality for residents living in the surrounding areas, and the loss of thousands of high-paying jobs. 

Units 1 and 2 at the Diablo Canyon Power Plant were scheduled to be decommissioned in 2024 and 2025, but today’s conditional award of credits, valued at up to $1.1 billion, creates a path forward for Diablo Canyon to remain open. Final terms are subject to negotiation and finalization by DOE. Owned and operated by Pacific Gas and Electric Company, Diablo Canyon produces approximately 16 GWh of electricity annually, about 15% of the state’s clean energy.  The award will save 1,500 clean energy jobs.   

“I welcome the news that the Department of Energy has awarded $1.1 billion to help keep the Diablo Canyon Power Plant open. This short-term extension is necessary if California is going to meet its ambitious clean energy goals while continuing to deliver reliable power. I will continue to monitor this process to ensure thorough and rigorous safety and environmental reviews are undertaken at both the federal and state levels,” said U.S. Senator Dianne Feinstein (CA)

“In the face of record heat waves and a deepening climate crisis, there is too much at stake for us to move backward in the fight to fully transition California away from polluting fossil fuels. In the pursuit of that goal, our Central Coast community and I have understood the need to explore and support the safe and temporary extension of the lifespan of Diablo Canyon Power Plant,” said U.S. Representative Salud Carbajal (CA-24). “I am happy that the Bipartisan Infrastructure Law, which I helped craft and get signed into law last year, is now providing California this support to maintain grid reliability while pursuing our goal of a net-zero power supply. While there are still remaining safety concerns that need to be addressed, including relicensing by the Nuclear Regulatory Commission, these funds–when combined with the funds made available by the California Legislature–will help ensure Diablo Canyon can safely continue operations.” 

As urged by the responses received from the public during the comment period earlier this year, the first CNC award cycle prioritized reactors facing the most imminent threat of closure, limiting applications to reactors that had already announced intentions to cease operations due to economic factors. The second CNC award cycle will prioritize reactors that are projected to shut down due to economic factors within the next four years. DOE is expected to begin accepting applications for the second cycle of CNC funding in January 2023.  

Learn more about the CNC Program and the upcoming second award cycle.  

-----


Earlier:

U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, November, 21, 10:55:00
U.S. ELECTRIC GRID INVESTMENT $13 BLN
Independent estimates indicate that the U.S. needs to expand electricity transmission systems by 60% by 2030 and may need to triple current capacity by 2050 to accommodate the country’s rapidly increasing supply of cheaper, cleaner energy and meet increasing power demand for electric vehicles and electric home heating and reduce power outages from severe weather.
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, November, 21, 10:45:00
U.S. ENERGY TRANSMISSION HAVE TO DOUBLE
Historically in the U.S., transmission infrastructure has expanded annually by about 1%. The study explains the country's transmission infrastructure must expand at a pace of 2.3% annually — more than double its current pace.
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, November, 18, 11:15:00
U.S. ENERGY BLACKOUTS
The electric grids at most risk of supply shortfalls are in Texas, the central US system stretching from the Great Lakes to Louisiana, New England and the Carolinas, the North American Electric Reliability Council said in its seasonal assessment Thursday.
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, November, 16, 10:10:00
U.S. NUCLEAR HYDROGEN
Most of the hydrogen currently produced in the US is made through steam-methane reforming whereby methane reacts with high-temperature steam to produce carbon monoxide, carbon dioxide, and hydrogen.
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, November, 9, 10:50:00
U.S. NET ZERO PRIORITIES 2050: $1.5BLN
The Administration prioritized five areas' to launch the Net- Zero Game Changers Initiative:
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, November, 1, 16:30:00
U.S. CLEAN ENERGY INVESTMENT $39 MLN
The selected projects, led by universities, national laboratories, and the private sector aim to develop commercially scalable technologies that will enable greater domestic supplies of copper, nickel, lithium, cobalt, rare earth elements, and other critical elements.
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, October, 31, 11:55:00
U.S. REVOLUTIONARY ENERGY DEMAND
Just eliminating fossil fuel alone is a tall order -- 22 percent of the current generating mix is coal and 38 percent is natural gas. Half of the generation will, in theory, go offline while demand for electricity soars.
All Publications »
Tags: USA, NUCLEAR, INVESTMENT, CLIMATE
Chronicle:
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, December, 5, 11:34:00
INTERNATIONAL CONGRESS AND EXIBITION TURKEY & BLACK SEA OIL AND GAS
International Congress and Exhibition Turkey & Black Sea Oil and Gas is an international, professional platform, bringing together over 200 C-suite executives from vertically integrated oil companies, general directors, CTOs of oil refineries, gas processing plants and petrochemical facilities, initiators of investment projects on oil and gas extraction from Turkey and countries of the Black Sea area, officials of regulatory authorities, licensors of production technologies and world suppliers for the industry.
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, December, 5, 11:33:00
TRANSPORTATION OIL AND GAS CONGRESS 2023 (TOGC 2023)
Transportation Oil and Gas Congress 2023 (TOGC 2023) takes place on February 20-21, 2023. The Congress brings together representatives from the whole pipeline chain and focuses on both strategic and technical issues of the oil and gas pipeline transportation.
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, December, 5, 11:32:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, December, 5, 11:30:00
FOOLISH ENERGY TRANSITION
Many things about the energy transition are foolish and driven not by science, but by feelings or politics.
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, December, 5, 11:25:00
ENERGY FOR SMART CITIES
The EU is piloting a project called ENVISION. This explores the possibilities of harvesting energy from the surfaces of buildings.
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, December, 5, 11:20:00
U.S. EMPLOYMENT UP BY 263,000
Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent.
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
2022, December, 5, 11:15:00
WORLDWIDE RIG COUNT DOWN 3 TO 1,890
The Worldwide Rig Count for November was 1,890, down 3 from the 1,893 counted in October 2022,and up 346 from the 1,544 counted in November 2021.
All Publications »