Senate re-introduces bill to help advanced nuclear technology

Enlarge / The Watts Bar nuclear power plant in Tennessee. (credit: Tennessee Valley Authority / Flickr) Last week, a bipartisan group of 15 US senators re-introduced a bill to instate the Nuclear Energy Leadership Act (NELA), which would offer incentives and set federal goals for advanced nuclear energy. A smaller group of senators originally introduced the bill in September of last year, but the Congressional session ended before the Senate voted on it. Specifically, the bill authorizes the federal government to enter into 40-year power purchase agreements (PPAs) with nuclear power companies, as opposed to the 10-year agreements that were previously authorized. Securing a 40-year PPA would essentially guarantee to an advanced nuclear startup that it could sell its power for 40 years, which reduces the uncertainty that might come with building a complex and complicated power source. Advanced nuclear reactors are next-generation technology that improve upon the large…

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