Draft legislation American Nuclear Infrastructure Act of 2020 set to provide further support for advanced reactors

On July 29th, Senator Barrasso (R-WY) introduced a draft bill, the American Nuclear Infrastructure Act of 2020 (ANIA), which, aims to re-establish U.S. international competitiveness and global leadership in nuclear power.  Among other things, the draft bill would—

  • Empower

On July 23, 2020, the U.S. International Development Finance Corporation (DCF) announced its intention to open the door to funding opportunities for nuclear projects abroad.

In a summary of its decision following a voluntary 30-day comment period, DCF announced that it has enabled “its full suite of finance products to support all civil nuclear projects

The United States has been struggling to compete with its peers in securing nuclear power plant construction projects around the world.  One of the factors impacting U.S. competitiveness is that many foreign countries such as Russia and China can obtain government financing to support foreign projects—whereas U.S. vendors cannot.  Under a recent proposal, this imbalance

After over a year of anticipation, in January the U.S. Treasury Department released its final regulations that revise the jurisdiction and rules for the Committee on Foreign Investment in the United States’ (CFIUS), following statutory changes to CFIUS under the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA).  Although the full impact of these

Earlier this month, a leading group of Canadian power companies and government entities (although not the nuclear regulator) issued a “Canadian SMR Roadmap,” an 89 page plan for Canada to become a leader in small modular and advanced reactor development (there is also a smaller executive summary).  Although the roadmap takes a

In today’s international nuclear marketplace, foreign investment is a significant source of capital for U.S. next-generation nuclear ventures. However, about-to-be signed legislation has the potential to broadly expand the ability of the Committee on Foreign Investment in the United States (“CFIUS”) to review foreign investment into the United States directed towards the nuclear industry, as

On Sunday, the popular TV show Madam Secretary gave a starring role to the climate and security benefits of nuclear power. The episode, titled “Thin Ice,” which is still available on the CBS website, proffered a full-throated defense of the climate benefits of nuclear power, turned a grassroots activist organization into a supporter of

The U.S. Nuclear Regulatory Commission (NRC) has moved forward in developing initial regulatory positions on next-generation reactors, and reaffirming the value of its international cooperation efforts.

In support of its December 14th periodic meeting on small modular reactor (SMR) and advanced reactor regulatory reform, the agency has issued two draft papers for which it

Highlighting how government support can positively benefit a transformative, nascent industry, Canada has again taken a lead role in support small modular reactor (SMR) development.  The country has already garnered significant attention through its pre-licensing vendor design review process, in which seven advanced reactor ventures are participating and many more have expressed interest.  But in

The value of nuclear power’s reliability and resiliency are getting a closer look.  The U.S. Department of Energy (DOE) recently issued a grid study calling for FERC to better value essential reliability and resiliency services performed by baseload generation, including nuclear.  Recent natural disasters have also reemphasized the real value of resilience, and the role