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  • Tuesday, December 24, 2024

DOE Offers $6B Credit Program to Support Nuclear Reactor Operations; Jennifer Granholm Quoted

The Department of Energy has released guidance on how economically challenged nuclear power reactor owners or operators can apply for financial assistance through a $6 billion credit program.

DOE said Tuesday it will accept applications and sealed bids for the initial Civil Nuclear Credit Program award cycle until May 19 and will prioritize submissions from sector members that expect to stop nuclear infrastructure operations due to economic factors.

“We’re using every tool available to get this country powered by clean energy by 2035, and that includes prioritizing our existing nuclear fleet to allow for continued emissions-free electricity generation and economic stability for the communities leading this important work,” said Energy Secretary Jennifer Granholm.

The department is looking to start its second award cycle under the program in the first quarter of the government’s 2023 fiscal year.

DOE added it will not limit the next solicitation process to retiring power plants.

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