President Joe Biden has signed the \u2018\u2018Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act of 2024,\u201d or ADVANCE Act. This legislation speeds up the permitting process and creates new incentives for the buildout of nuclear reactors.<\/p>\n\n\n\n
An article<\/a> examining this significant legislative action was recently published in Power Engineering. According to the article, this act will direct the U.S. Nuclear Regulatory Commission (NRC) to find ways to issue licenses for new nuclear technology more quickly. It\u2019s also designed to reduce regulatory costs for companies seeking to license these new reactor technologies.<\/p>\n\n\n\n The United States is seeing an ever-increasing demand for electricity, with EV infrastructure and data centers driving much of the growth. Technologies like AI, ChatGPT, and cryptocurrency are major data users that require substantial, reliable sources of power.<\/p>\n\n\n\n The Department of Energy\u2019s Office of Nuclear Energy is quoted in the article, saying \u201cNuclear will be part of that solution, which is why the United States has already committed to tripling our nuclear capacity and is making moves to help secure our clean energy future.\u201d<\/p>\n\n\n\n