The recent passage of major legislation to boost the deployment of nuclear reactors is evidence of a bipartisan consensus on nuclear power as an opportunity to keep pace with China on renewable energy, experts said Thursday at a panel discussion with The Hill.
The ADVANCE Act, which President Biden signed into law in July, passed the Senate 88-2. It directs the Nuclear Regulatory Commission to explore methods of quickening the licensing process for new nuclear technology, as well as streamlining the Energy Department’s technology export process.
The bipartisan vote on the legislation indicates “members of both parties are looking to build on decades of innovation and … create this new opportunity to build new gigawatt-scale clean energy facilities in the United States,” said Lesley Jantarasami, managing director of energy programs at the Bipartisan Policy Center
Jantarasami made the remarks at “The Nuclear Frontier: Securing America’s Energy Future,” which was hosted by The Hill and sponsored by The Nuclear Company. The discussion was moderated by Rafael Bernal, a staff writer at The Hill. Bob Cusack, The Hill’s editor-in-chief, moderated a separate conversation during the event.
“There’s a lot going on today in recognition of the fact that we are moving toward modernizing our economy, towards building a new energy economy that needs to be centered around clean energy and that nuclear is a foundational piece of that portfolio,” Jantarasami said.
Jantarasami added that widespread interest exists within industry and utilities in deploying new nuclear technology, but the process has been stymied by anxiety about the pressure of being “first out of the gate.”
Panelists also emphasized that there is not a binary choice between a more efficient licensing and approval process and cutting corners on safety. Former Deputy Energy Secretary Mark W. Menezes, president and CEO of the U.S. Energy Association, pointed to reforms at the Food and Drug Administration that reduced the approval timeline as an example of how a balance could be struck.
“This is not about cutting corners [or] creating a process that isn’t diligent,” Jantarasami added, saying there have been “misconceptions around speeding up a process and not doing as much due diligence—we can do both those things.”
Maria Korsnick, CEO at the Nuclear Energy Institute, added that it “isn’t the conversation we had in the 70s and 80s anymore,” when incidents like the Chernobyl disaster and the Three Mile Island accident led to widespread fears around nuclear power.