Impact of the Inflation Reduction Act on Nuclear Energy

The Inflation Reduction Act (IRA) has significantly transformed the investment landscape for the U.S. nuclear industry. Just three years ago, many nuclear facilities were on the brink of shutdown due to lack of subsidies, but the introduction of production tax credits has created a more favorable investment environment. The ongoing discussion surrounding the sustainability of these incentives has raised concerns about their future under the incoming administration led by Trump, who has criticized the IRA. The potential repeal or alteration of these credits could have profound implications for the continued operation and expansion of nuclear facilities in the U.S.