This paper focuses the impact of the new Inflation Reduction Act clean electricity tax credits on new nuclear energy projects, using the same tools developed for an initial 2021 NIA analysis. The results show that the current IRA tax credits effectively reduce the costs of electricity produced by advanced nuclear projects, both for first-of-a-kind and nth-of-a-kind projects, which will enable advanced nuclear reactors to compete effectively with other clean and firm generation options.
This is a letter, signed by NIA and other non-government organizations, that recommends the NRC develop a Policy Statement on efficient, effective and predictable licensing of new reactors. The organizations signing this letter agree that, at a minimum, there are five main elements that need to be addressed within this new Policy Statement.
This brief authored by NIA Executive Director Judi Greenwald connects the role of advanced nuclear energy in meeting climate and energy security goals with the urgent need for NRC reform to enable advanced nuclear energy. It outlines the short-, medium- and long-term NRC reforms that are necessary to achieve that goal. It provides recommendations for action by Congress and the NRC and highlights several of NIA's recommendations for improving licensing efficiency. NIA developed this brief to serve as a guide for policymakers, the NRC itself, and key stakeholders in considering and then taking action to ensure the NRC can "become an agile, modern, risk-informed, and performance-based regulator to successfully meet this moment."
This document serves as a high-level introduction to coal repowering with nuclear energy (also known as coal power plant repurposing, or coal-to-nuclear transitions) and a directory of useful resources for those looking to dive deeper into the topics discussed herein. It presents the key concepts, opportunities, and challenges associated with this energy transition, and provides readers with solid foundations and condensed information, facilitating a comprehensive understanding of this subject matter. It is intended for a diverse range of stakeholders interested in exploring coal repowering with nuclear energy, and is meant to foster informed decision-making, strategic planning, and meaningful discussions that contribute to coal repowering efforts. Policymakers, industry stakeholders, researchers, community leaders, potential customers, and interested individuals will find a concise overview of coal repowering to help navigate the multifaceted aspects of this energy transition and the extensive body of literature already available.
In July 2023, the Nuclear Innovation Alliance (NIA) released two new Deployment Maps that showcase scheduled deployments of North American advanced reactors design across the United States, Canada, Europe, and Asia. Alongside the release of the two Deployment Maps, NIA also release an updates of their “Advanced Nuclear Reactor Technology: A Company Compendium” and their “Advanced Nuclear Reactor Technology: A Primer”. These releases were accompanied by a Zoom media briefing event. The NIA's new and updated reports provide information, resources and insights into advanced nuclear technology innovation and commercialization. They should serve as resources for investors, reporters, policymakers, regulators and others who want to learn more about advanced nuclear technologies and the key players building this industry.