DOE offers $6 billion credit program to support nuclear reactor operations; Jennifer Granholm quoted

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The Department of Energy has issued guidelines on how owners or operators of nuclear reactors in economic difficulty can apply for financial assistance through a $6 billion credit program.

The DOE said Tuesday it would accept applications and sealed bids for the first Civil Nuclear Credit Program until May 19 and will prioritize submissions from industry members who expect to stop operating nuclear infrastructure due to economic factors.

“We are using every tool available to power this country with clean energy by 2035, and that includes prioritizing our existing nuclear fleet to enable continued emissions-free electricity generation and economic stability for people. communities leading this important work,” Energy said. secretary Jennifer Granholm.

The department is looking to begin its second round of awards under the program in the first quarter of the government’s fiscal year 2023.

The DOE added that it will not limit the upcoming solicitation process to retired power plants.

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