Energy consumption reports from the U.S. Energy Information Administration (EIA)

Biden Signs Bipartisan ADVANCE Act to Boost Nuclear Energy in 88-2 Vote

Jul 9, 2024, 09:09 PM

President Joe Biden has signed the ADVANCE Act into law, marking a significant step forward for the United States' clean energy and climate goals. The bipartisan legislation, which passed the Senate with an 88-2 vote, aims to bolster the nation's nuclear power capabilities. The ADVANCE Act is expected to create thousands of new jobs, improve energy reliability, and reduce costs. It mandates the Nuclear Regulatory Commission (NRC) to update its mission statement and establish a modern licensing structure for nuclear projects. The law also includes provisions to streamline future nuclear projects, ensuring the deployment of safer and more reliable nuclear energy. The act is part of a broader effort to achieve net-zero emissions by 2050 and includes $900 million in funding. Key supporters of the bill, including Senators Carper and Capito, have hailed it as a landmark win for America's energy security, economy, and environment.