Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Saturday, November 24, 2012

Obama's Nuclear Power Plans

Obama's Nuclear Power Plans

This week in energy, let’s go nuclear for a change. And let’s start with the Obama administration’s plans for a new generation of nuclear power. This time around things will be smaller and ostensibly safer. This new nuclear generation was given greater impetus on Tuesday when the administration announced it would fund up to 50% of the cost of a 5-year project to design and commercialize small, modular reactors. Who’s funding the other 50%? The project, which hopes to be operational by 2022, will be led by Babcock & Wilcox…Read more...http://oilprice.com/Alternative-Energy/Nuclear-Power/Obamas-Nuclear-Power-Plans.html
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