Has the DOE given out any money for nuclear energy this year?



  1. 0 Votes

    Nuclear Power 2010:

    DOE Program Supported a New Generation of Nuclear Plants

    • The Nuclear Power 2010 program (NP 2010) was a cost-shared program between DOE and industry to demonstrate a new licensing process for new reactor designs and nuclear power plants. The program helped accelerate deployment of a new generation of nuclear power plants.   
    • Thanks to NP 2010, the early start of new plant deployment has already created thousands of jobs across the United States.
    • NP 2010 facilitated three early site permits (ESPs): approvals for new plant sites granted by the Nuclear Regulatory Commission. ESPs were issued for sites in Illinois, Virginia and Mississippi.
    • NP 2010 helped companies submit two combined construction and operating license (COL) “demonstration projects” to the NRC, for one site in Virginia and another in Georgia. Once approved, a COL application allows an operator to both construct and operate a new reactor.   
    • These projects are expected to make future COL applications more efficient and less expensive. In turn, reducing licensing uncertainty will help lower the cost of financing plants and should help reduce the cost of electricity in the future.
    • DOE invested a total of $727 million in the program. This was matched by industry. All aspects of the program were accomplished on a projected 50-50 cost share basis between DOE and industry.
    • The $727 million government investment in NP 2010 will stimulate more than $100 billion of private-sector industry investment in new nuclear plants by 2020.
    • Over the past three years, the industry has invested more than $4 billion in new nuclear plants and created an estimated 15,000 jobs. More investment and jobs are expected as ground is broken for new nuclear plants.
    • Construction of a new nuclear power plant represents 1,400-1,800 jobs during construction, with peak employment as high as 2,400 jobs. If all 13 pending COLs applications representing 22 reactors are built, they would create approximately 53,000 construction jobs.
    • A new nuclear plant will employ approximately 700 permanent workers for several generations.

    More information is available about this particular program. All above information was taken from: http://www.nei.org/keyissues/newnuclearplants/policybriefs/nuclearpower2010/

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