US DOE will offer $12.6 billion in new nuclear loan guarantees

[FBaggins]

The US Department of Energy plans to make available federal loan guarantees totaling $12.6 billion for uranium enrichment facilities, new nuclear reactors, small modular reactors and capacity upgrades at existing nuclear plants.

In a draft solicitation issued Tuesday, the agency said up to $2 billion will be available for uranium enrichment, conversion and nuclear fuel fabrication project loan guarantees, while the remaining $10.6 billion will be available for three categories of nuclear power projects.

The categories of projects are nuclear reactors with "state-of-the-art design improvements," small modular reactors of 300 MW or less, and capacity increases, or uprates, as well as other upgrades to existing units that contribute to efficiency.


http://www.platts.com/latest-news/electric-power/washington/us-doe-will-offer-126-billion-in-new-nuclear-21310862

[NYC_SKP]

1. I'm OK with this since we're taking forever to fully transition away from Fossil Fuels.

Well, "upgrades to existing units" and smaller reactors that might displace decommissioned reactors in terms of total US generation.

I'm tentatively OK with this but then I've been inside pretty much every type of power plant, and more than once, and am fairly familiar with the pros and cons of each type and the complexities of generation and transmission and meeting demand.