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Which company will have the first advanced nuclear reactor licensed under the ADVANCE Act by December 31, 2024?
5
Resolution / Starting Odds
TerraPower • 33%
NuScale Power • 33%
Other • 34%
Nuclear Regulatory Commission (NRC) official announcements
Story
U.S. Senate Passes ADVANCE Act in 88-2 Vote, Allocates $900 Million for Nuclear Energy
Jun 18, 2024, 10:54 PM
The U.S. Senate has passed the 'Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy (ADVANCE) Act' with an overwhelming bipartisan vote of 88-2. This significant legislation, championed by Senator Capito, aims to modernize the Nuclear Regulatory Commission's processes, reducing fees for developers, expediting the licensing of new reactors, and directing the agency to work with foreign regulators. Bill Gates has expressed strong support for nuclear energy, highlighting its potential for job creation, climate goals, and energy independence. Gates has committed $1 billion to nuclear energy projects, including a next-generation nuclear power project in Kemmerer, Wyoming. The Department of Energy has also announced $900 million to support the development of advanced nuclear reactors. The bill now awaits President Biden's signature.
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