July 9, 2024 – Washington, D.C.

President Joe Biden has signed into law a groundbreaking piece of legislation, the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy (ADVANCE) Act, marking a significant milestone for the future of nuclear energy in the United States. This bipartisan effort is a testament to the country’s commitment to enhancing its energy portfolio with cleaner, more efficient technologies.

A Turning Point for Clean Energy

The ADVANCE Act introduces crucial reforms aimed at streamlining the approval processes for new, advanced nuclear reactor designs. This legislative move is designed to catalyze investment and spur innovation within the nuclear sector. Key goals of the ADVANCE Act include:

• Reducing Greenhouse Gas Emissions: By supporting the development of advanced nuclear reactors, the Act promotes a clean and dependable energy source, which is essential for addressing climate change.
• Creating American Jobs: The growth of the nuclear sector, facilitated by this Act, is expected to generate significant employment opportunities in engineering, construction, and related fields.
• Strengthening Energy Security: Diversifying America’s energy resources will help decrease reliance on imported oil and ensure a stable, domestic energy supply.
• Maintaining Safety: The legislation underscores the Nuclear Regulatory Commission’s (NRC) ongoing responsibility to ensure the safety of nuclear operations across the country.

A Bipartisan Effort for Progress

The successful passage of the ADVANCE Act illustrates the potential of bipartisan cooperation in advancing national interests. Lawmakers from both political spectrums have united to support the progressive role of advanced nuclear technology, recognizing its importance in the nation’s energy future.

Looking Ahead: The Road to a Cleaner Future

The enactment of the ADVANCE Act is merely the beginning of a transformative journey. The legislation not only facilitates the NRC in efficiently reviewing new reactor technologies but also ensures these innovations meet stringent safety standards. As companies gear up to introduce these advanced reactors to the market, the upcoming years will be pivotal.

The successful implementation of the ADVANCE Act could firmly establish the United States as a leader in the global advanced nuclear energy sector, showcasing a sustainable and clean energy model for the future.