2024-04-05 14:00:00 ET
Summary
- Nuclear power in the United States has stagnated at ~20% of the energy mix since the Chernobyl disaster.
- According to ARK’s research, stringent regulatory changes and anti-nuclear sentiment has stunted the buildout of nuclear capacity and caused cost overruns of ~$345 billion in the development of US nuclear plants.
- Thanks to the U.S. Advanced Reactor Demonstration Project and other emerging government support programs, nuclear cost overruns should reverse course as countries look for robust clean energy solutions to meet their net carbon emissions reduction commitments.
By Daniel Maguire, ACA
The International Energy Agency (IEA) has identified nuclear energy as vital to achieving net zero emissions by 2050 1 ; yet nuclear power in the United States has stagnated at ~20% of the energy mix since the Chernobyl disaster in 1986, as shown below....
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Nuclear Energy Could Contribute Meaningfully To Securing Net-Zero Emissions