Interchange Recharged The US needs nuclear energy now, more than ever | Are permitting and regulations set up for rapid deployment?
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Feb 25, 2025 Maria Korsnick, President and CEO of the Nuclear Energy Institute, shares her expertise on the evolving landscape of nuclear energy in the U.S. She discusses the ambitious goals for nuclear capacity by 2050 and how large tech companies drive demand for reliable clean energy. Korsnick highlights the challenges and potential of small modular reactors and the vital role of tax credits in accelerating deployment. Furthermore, she explores the need for regulatory reform to foster growth and the importance of collaboration between the nuclear and tech sectors.
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Tech Sector's Nuclear Interest
- The tech sector's interest in nuclear energy has significantly increased.
- They are now investing in and partnering with nuclear companies, not just signing PPAs.
First-of-a-Kind Risk in Nuclear
- Nuclear projects face a "first-of-a-kind" challenge, making initial investments risky.
- Risk allocation and government support are crucial for mitigating these risks and encouraging early adoption.
Vogtle Example and Cost Reduction
- Vogtle 3 and 4 saw a 20-30% improvement between units, highlighting the learning curve.
- Maria Korsnick believes large reactors can achieve $60-$80/MWh with increased construction.