The US, which currently operates the largest fleet of nuclear reactors, had more than 100 GW of installed nuclear capacity at the end of 2009, providing nearly 20% of the total power generated in the country.
Obama’s Pro-nuclear Policy to Benefit Companies across the Nuclear Value Chain
The US, which currently operates the largest fleet of nuclear reactors, had more than 100 GW of installed nuclear capacity at the end of 2009, providing nearly 20% of the total power generated in the country. The Three Mile Island catastrophe that occurred in 1979 caused concerns regarding plans to build new reactors in the US. Immediately after the Obama administration came to power, the government reduced the funds planned for Yucca Mountain spent fuel storage project which led to concerns to many industry players about the future growth of nuclear power industry in the US. However, the new government’s allocation of funds may encourage the nuclear sector to grow. The US currently has one reactor under construction and has plans to expand the existing fleet by more than 30 reactors.
The US government is encouraging the construction of more nuclear power stations in the country. Recently, the Obama government has announced more than $54 billion of federal loan guarantees for the construction of nuclear power stations in the new Department of Energy (DOE) budget. This is about three times more than the previous planned budget of $18 billion.
This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below:
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