The US Senate approved on Tuesday a bill to speed up the deployment of nuclear energy capacity. According to Reuters, the legislation focuses on expediting permitting processes and establishing new incentives for nuclear reactor technologies.
US Senate Approves Bill to Advance Nuclear Energy
The expansion of nuclear power has garnered broad bipartisan support. Democrats view it as essential for decarbonizing the power sector, while Republicans see it as a means to ensure a reliable electricity supply.
The bill has already passed the House of Representatives and awaits President Joe Biden's signature to become law. The Senate passed the bill with an 88-2 vote.
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Reducing Regulatory Costs
The bill aims to reduce regulatory costs for companies licensing advanced nuclear reactor technologies, establish a prize for deploying next-generation reactors, and expedite nuclear facility licensing.
This development follows a report revealing that the US is 15 years behind China in developing high-tech nuclear power.
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