The purpose of the program is to prevent the closure of nuclear power plant reactors.
The Joe Biden administration has opened the acceptance of applications from companies managing American nuclear power plants to participate in a program of preferential financing with a budget of $ 6 billion. The purpose of the program is to prevent premature decommissioning of reactors.
In 2020, according to the U.S. Department of Energy, nuclear power accounted for 9% of the electricity produced in the country. There are 93 reactors operating in the United States that generate half of the “environmentally friendly” electricity that does not contribute to global warming. However, since 2013, 12 reactors have been decommissioned due to competition with power plants using alternative energy sources and CHP plants using cheap natural gas.
In addition, after the terrorist attacks of September 11, 2001 and the accident at the Fukushima nuclear power plant in Japan in 2011, the costs of ensuring the safety of nuclear facilities increased significantly. The Ministry of Energy has stated that it will primarily accept applications from the owners of nuclear power plants that are on the verge of closure.