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May 8, 2024

Nuclear

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Utility CEOs See Ongoing Role for Gas, Nuclear in Decarbonization
Utility executives told state regulators that natural gas and nuclear power will be part of the electric mix for decades as the industry decarbonizes.
Constellation Energy
Constellation Reports Strong Financials, Bright Nuclear Future
Constellation reported strong 2023 earnings and projected strong growth in large part due to its nuclear fleet.
PSEG
NJ Closes Nuclear Subsidy Process as PSEG Looks to Feds
New Jersey shut down its third offering of nuclear subsidies after the operators of the state’s three nuclear plants opted to not apply for state subsidies as they seek federal support.
FERC
FERC, NRC Examine State of the Nuclear Industry
FERC and the Nuclear Regulatory Commission convened a joint meeting to looking into issues of common interest, including the rollout of advanced reactors and grid reliability.
The Breakthrough Institute
Diablo Canyon Secures $1.1B DOE Award to Support Operations
The 2,200-MW PG&E plant will be the first recipient of federal funds being made available to shore up operations at U.S. nuclear plants that face imminent closure.
Shutterstock
DOE Seeks Proposals to Build out HALEU Supply Chain
DOE's commitment of $500 million in IRA dollars may not be enough. Building private sector confidence in the emerging HALEU market could require up to $2.9 billion more in additional federal funding.
NuScale Power Corporation
NuScale Refocusing from R&D to Commercialization
NuScale Power is changing its focus from research and development to commercialization, with a resulting 28% reduction in its full-time workforce.
Shutterstock
Biden Admin. Releases Proposed Rules for Hydrogen Tax Credits
Hydrogen producers seeking tax credits will need to use new clean energy time-matched to demand, the Biden administration proposed.
PG&E
California PUC Votes to Extend Diablo Canyon Nuclear Plant 5 Years
The California PUC approved extending operations at the Diablo Canyon nuclear power plant through 2030.
Rhodium Group
Industry Considers Building its Own Generation to Decarbonize
Industrial decarbonization is lagging the effort in the power sector and transportation, and many companies are considering directly linking big industrial demand with clean energy.

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