Advances Bipartisan Nuclear Energy Bill from Capito, Carper, Whitehouse
Comment of the Day

September 15 2023

Commentary by Eoin Treacy

Advances Bipartisan Nuclear Energy Bill from Capito, Carper, Whitehouse

This press release is the primary reason uranium prices are jumping this week. Here is a section:

The ADVANCE Act would:

Facilitate American Nuclear Leadership by:
Empowering the Nuclear Regulatory Commission (NRC) to lead in international forums to develop regulations for advanced nuclear reactors.
Establishing a joint Commerce Department and Energy Department initiative to facilitate outreach to nations that are seeking to develop advanced nuclear energy programs.

 Develop and Deploy New Nuclear Technologies by:

Reducing regulatory costs for companies seeking to license advanced nuclear reactor technologies.
Creating a prize to incentivize the successful deployment of next-generation nuclear reactor technologies.
Requiring the NRC to develop a pathway to enable the timely licensing of nuclear facilities at brownfield sites.

 Preserve Existing Nuclear Energy by:

Modernizing outdated rules that restrict international investment.
Extending a long-established, indemnification policy necessary to enable the continued operation of today’s reactors and give certainty for capital investments in building new reactors.

 Strengthen America’s Nuclear Fuel Cycle and Supply Chain Infrastructure by:

Directing the NRC to establish an initiative to enhance preparedness to qualify and license advanced nuclear fuels.
The bill identifies modern manufacturing techniques to build nuclear reactors better, faster, cheaper, and smarter. 

Eoin Treacy's view

The primary objection to nuclear energy is cost. Anything that reduces the capital intensity of the construction process is good news. That’s why the streamlining of the regulatory process is so important.

The environmental and safety argument is easily addressed through multiple studies that highlight how safe nuclear power plants are. The challenge is most existing reactors were designed with nuclear bombs in mind. The risk of proliferation twinned with safety scare mongering has been enough to sour the sector in the minds of consumers.  

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