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March 6, 2022 10:50 pm

Will Changing Opinions Boost America's Nuclear Power Industry?

"The future of the nuclear power industry is being pushed on both by climate change and security fears stoked by Russia invading Ukraine and targeting the Zaporizhzhia nuclear power plant," reports CNBC, with the world's nations "coming to realize they can't meet their climate goals with renewables, like wind and solar, alone." Kenneth Luongo, founder of the security/energy nonprofit Partnership for Global Security, even tells CNBC there was a "sea change" in sentiment toward nuclear power at the 2021 United Nations Climate Change Conference.There are about 440 nuclear power reactors operating in more than 30 countries that supply about 10% of the world's electricity, according to the World Nuclear Association. Currently, 55 new reactors are being constructed in 19 countries, and 19 of those are in China. The U.S. only has two underway.... Currently, three new nuclear reactors are being built in Russia. But Russia is also the world's top nuclear technology exporter.... As Russia and China have risen to prominence, the United States has lost "the muscle memory" to build conventional nuclear reactors, Luongo said. Nuclear power got a poor reputation in the United States after the nuclear accident at Three Mile Island in 1979 in Pennsylvania, and more globally after the accidents at Chornobyl in the Ukrainian Soviet Union in 1986 and Fukushima in Japan in 2011. But the tide is starting to turn. The Biden administration's solution was included in the Bipartisan Infrastructure Law, which was signed into law November, and was effectively a big subsidy. The law includes a $6 billion program intended to preserve the existing U.S. fleet of nuclear power reactors.... At the same time, the Russia-Ukraine war gives the United States leverage to pry open more of a footprint in the global market. While the war is tragic, "it's going to result in more opportunity for U.S. nuclear firms as Russia really disqualifies itself," said John Kotek of the Nuclear Energy Institute [a U.S. nuclear industry trade association]. Russia's dangerous attack at Zaporizhzhia nuclear power plant in Ukraine and China's decision to not vote in favor of the IAEA's resolution to prevent the kind of attack "will blowback on both countries' nuclear export reputation," Luongo told CNBC.... Nuclear plants are expensive to build and have, in many places, become more expensive than other baseload energy alternatives like natural gas. However, the U.S. is pushing hard into what could become the next generation of nuclear. "The United States has made a decision that they don't want to allow Russia and China to dominate that next phase of the nuclear market. And so the U.S. is pouring billions of dollars — shockingly — billions of dollars into the development of what are called small modular reactors," Luongo said. Specifically, the government is using the Idaho National Lab as a testing ground for these reactors. Without specifically mentioning nuclear energy, former Gawker editor Alex Pareene recently argued a program of "mass electrification and renewable energy" could diminish the power of "oligarchic petrostates."

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