Published 3 years ago • loading... • Updated 3 years ago

Biden launches $6B effort to save distressed nuclear plants

Summary by Ground News

The Biden administration is launching a $6 billion effort to rescue nuclear power plants at risk of closing. A dozen U.S. reactors closed in the past decade before their licenses expired. The first round of awards will prioritize reactors that have already announced plans to close. It's the largest federal investment in saving financially distressed nuclear reactors.

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Time Magazine

Biden Launches $6B Effort to Save Distressed Nuclear Plants

The Biden administration is launching a $6 billion effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change.A certification and bidding process opened Tuesday for a civil nuclear credit program that is intended to bail out financially distressed owners or operators of nuclear power reactors, the U.S. Department of Energy told The Asso…

3 years ago·United States

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Political Wire

Biden Launches Effort to Save Distressed Nukes

“The Biden administration is launching a $6 billion effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change,” the AP reports.

3 years ago·New York, United States

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Hot Air

Biden to save financially distressed nuclear plants

Long overdue

3 years ago·Arlington, United States

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cnet

Biden Makes $6B Push to Save At-Risk Nuclear Plants

Funding comes from Biden's $1 trillion infrastructure deal.

3 years ago·New York, United States

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Financial Post

Biden administration launches $6 bln nuclear power credit program

WASHINGTON -- The Biden administration on Tuesday opened applications for a $6 billion program to help nuclear power plants struggling with rising costs as it seeks to stop the generators from shutting down under its goal of transitioning to clean energy. Read More

3 years ago·Canada

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Reuters

Biden administration launches $6 bln nuclear power credit program

The Biden administration on Tuesday opened applications for a $6 billion program to help nuclear power plants struggling with rising costs as it seeks to stop the generators from shutting down under its goal of transitioning to clean energy.

3 years ago·United Kingdom

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