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In recent news, President Donald Trump has made significant strides in the nuclear energy sector. Trump has directed the government to fast-track the construction of nuclear reactors and reform the regulatory culture to quadruple the US’s atomic energy capacity by 2050. This move comes as part of four executive orders signed by the president on Friday.
The executive orders instruct the Department of Energy to facilitate the construction of 10 large reactors by 2030 and provide financial support for upgrades to existing reactors. Additionally, the orders aim to address the “risk-averse” culture within the Nuclear Regulatory Commission (NRC), with a focus on streamlining the approval process for new reactors and boosting US uranium and nuclear fuel capacity.
White House science and technology policy director Michael Kratsios hailed these executive orders as the beginning of an “American nuclear renaissance.” Industry experts and nuclear proponents have welcomed the administration’s support for the sector, citing the need for nuclear energy to meet growing energy demands and reduce carbon emissions.
However, not everyone is on board with the administration’s plans. Some industry insiders have expressed concerns about the lack of certainty surrounding government support, tax subsidies, and tariffs, which could impact the feasibility of large-scale nuclear projects. Critics also warn that the proposed reforms to the NRC could undermine public trust in the nuclear industry.
Despite the mixed reactions, the market has responded positively to the news. Shares in nuclear energy companies, such as small modular reactor developer Oklo and nuclear fuel company Centrus Energy, have seen significant gains following the announcement. Utility-scale nuclear companies like Constellation Energy and Dominion Energy have also experienced modest increases in their share prices.
Overall, Trump’s push for a nuclear energy renaissance is poised to reshape the industry landscape in the coming years. Stay informed with the White House Watch newsletter to stay up to date on the latest developments in Washington and beyond. Sign up now to unlock exclusive insights and analysis for free.
