Energy Week Takeaway: Trump Calls for Study to Revive U.S. Nuclear Energy
President Donald Trump has announced plans for a comprehensive study of the U.S. nuclear energy industry, with the goal of reinvigorating the sector as part of his call to establish U.S. “energy dominance.” The industry has experienced some hard knocks, as nuclear power plant operators find it harder to compete in an age of cheap natural gas, which has contributed to a number of planned plant closures and project cancellations. Nonetheless, Industrial Info is tracking more than $113 billion in active U.S. nuclear energy capital projects that are in various stages of development.
The study announcement was part of the Trump administration’s “Energy Week” events. Trump said last week a review of U.S. nuclear policy would “help us find new ways to revitalize this crucial energy resource.”
Energy Secretary Rick Perry also voiced support for the industry last week, saying, “This administration believes in an all-of-the-above approach, allowing nuclear energy to come and play an important role in a very diverse portfolio. It’s about America, maintaining, or regaining our leadership role in nuclear energy…one of the things we want to do at [the Department of Energy] is make nuclear energy cool again.”
Perry continued: “This industry has been strangled, all too often by government regulations, but we need as a country to again bring us to that place where nuclear energy is a part of the [energy] portfolio, and to be able to sell it in great truthfulness and honesty about what it can add to America, both from an environmental standpoint, and from a security standpoint.”
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