Biden Offers $1.2 Billion To Nuclear Power Plants At Risk Of Closure

As part of a program to support nuclear power generation and the goal of zero-carbon electricity by 2035, the Biden Administration on Thursday offered funding of $1.2 billion to nuclear power reactors that are at risk of retiring soon or that ceased operations since November 15, 2021. The U.S. Department of Energy (DOE) today released application guidance for the second award cycle of the Civil Nuclear Credit Program, a $6 billion funding part of the Bipartisan Infrastructure Law to prevent the premature retirement of nuclear reactors across the…