The Biden administration is aiming to triple America’s nuclear power capacity by 2050 from 2020 levels, as outlined in their plan. With increasing support from private sector financing and favorable legislation, the momentum for nuclear power is growing. However, achieving this ambitious goal is heavily dependent on overcoming regulatory hurdles.
In addition to adding another 200 gigawatts of nuclear power generation—a significant increase from the current 96 gigawatts—the White House’s plan sets a deadline of deploying 35 gigawatts of new capacity by 2035. This expansion will involve constructing advanced reactors, reviving closed facilities like Three Mile Island Unit 1, and enhancing existing plants. While regulatory reform is acknowledged as necessary, the primary strategy revolves around expanding tax credits and utilizing federal financing to meet targets.
Stringent regulations, such as those governing radiation standards, inflate costs and prolong project timelines for nuclear power. The current requirement for nuclear plants to emit minimal radiation, following the ALARA principle, perpetuates the misconception that any level of radiation is harmful. This fosters fear and skepticism towards nuclear energy, creating a costly and shifting goalpost for compliance.
Similarly, regulations on building materials impose exorbitant costs on nuclear projects. Mandating the use of “nuclear grade” steel and concrete, which can be up to 50 times more expensive than standard materials, adds unnecessary bureaucratic hurdles and financial burdens.
From regulatory constraints to extensive environmental assessments, federal red tape undermines the economic viability of nuclear power. President Biden’s signing of the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act in July signifies a step towards industry reforms and modernizing regulations, with further actions required from Congress.
While regulatory barriers pose a significant challenge, the nuclear energy sector also grapples with issues like poor project management, state restrictions, and workforce shortages. Addressing regulatory impediments is crucial for the success of the White House’s ambitious nuclear power expansion plan.
