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The bill reinforces the administration’s efforts to revitalize the U.S. nuclear industry. GreenTech Media
JULIA PYPER OCTOBER 01, 2018 “…….On Friday, President Trump signed the Nuclear Energy Innovation Capabilities Act (NEICA), which passed earlier last month with bipartisan support. The bill is expected to speed up the development of advanced reactors in the U.S. by eliminating several of the financial and technological barriers standing in the way of nuclear innovation…….
NEICA was designed to foster collaboration between the public and private sectors, building on relationships formed under the Department of Energy’s
Gateway for Accelerated Innovation in Nuclear program. To help offset upfront costs, the bill calls for a cost-share grant program to cover a portion of the licensing fees charged by the U.S. Nuclear Regulatory Commission during its new technology review process.
It also directs the DOE to facilitate the siting of advanced reactor research demonstration facilities through partnerships with private industry.
On the technical side, the legislation requires DOE to develop a fast test reactor, or fast neutron source, used for testing advanced reactor fuels and materials. The U.S. doesn’t currently have this capability.
In addition, DOE must expand its high-performance computing expertise by focusing on the modeling and simulation of advanced nuclear reactors. “The national labs, universities and private sector will help develop new software and tools for developers to use to speed up their research on fission and fusion reactors, in addition to space applications,” according to the DOE announcement.
Energy Secretary Rick Perry now has 180 days to provide Congress with a report assessing the ability to host and operate experimental advanced nuclear reactors at the national labs or other DOE sites. He must also submit two 10-year budget plans for nuclear R&D.
The renewed focus on advanced nuclear technology builds on the Trump administration’s support for traditional nuclear power plants. Last fall, Secretary Rick Perry introduced a planto shore up power plants with 90 days of fuel on site — something only nuclear and coal plants can provide. But that proposal was ultimately rejected by the Federal Energy Regulatory Commission.
In June, the White House issued a new order for Secretary Perry to stem the loss of existing nuclear and coal power resources. A leaked memo revealed the administration is working on a new plan to offer guaranteed profits for nuclear and coal plants, leveraging emergency authorities.
The White House has remained mum on the power plant bailouts in recent weeks. But an announcement could come soon, ahead of a fiercely competitive midterm election. https://www.greentechmedia.com/articles/read/trump-signs-legislation-to-promote-advanced-nuclear-technology#gs.8dE9Sy0
The bill reinforces the administration’s efforts to revitalize the U.S. nuclear industry. GreenTech Media