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Trump administration gives $30M to diversify bet on nuclear breakthrough

Josh Siegel of the Washington Examiner reports that the Trump Administration has awarded $30 million to five nuclear energy companies.

The C3 Take
  • The Trump Administration, which has already made breakthrough investments into advanced nuclear, is doubling down on to grow the United States’ nuclear industry.
  • The companies that are receiving the funding are still in the early stages of development and will likely not reach the market for 10 years.
  • Making these investments now is crucial as we look for ways to reduce our emissions in the coming years.

“‘Nuclear is a critical component to having a carbon reduction strategy,’ said Alice Caponiti, deputy assistant secretary for reactor fleet and advanced reactor deployment in the DOE’s Office of Nuclear Energy. ‘Having this pipeline of advanced reactors is critical to future deployment,’ she told reporters on a press call.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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