The Energy Gang

What’s led the world to restart the stalled atomic engine?2022 was a year of important milestones for nuclear power. The most significant piece of climate legislation in US history – the IRA – included tax incentives and investment for the nuclear industry. A $15 per megawatt-hour tax credit for production to keep existing plants competitive, as well as $700 million to build a domestic supply chain for modern reactors, was a statement of intent from a government seeking to increase energy security. There is a resurgence of interest in nuclear power around the world. From the support for nuclear power in recent legislation in the US, to the plans for new reactors in France and the UK, to Japan’s commitment to a new generation of advanced nuclear technology. Soaring prices for natural gas and concerns about energy security following Russia’s invasion of Ukraine have prompted renewed interest in reliable sources of supply. And at the same time, the international pressure to address climate change has n