Trump energy department loosens rules on nuclear safety
The new rules apply to nuclear reactors built on Department of Energy property, which includes several currently being developed by startups.
The new rules apply to nuclear reactors built on Department of Energy property, which includes several currently being developed by startups.
The Tennessee Valley Authority and Holtec were awarded substantial grants to build one reactor in Tennessee and two more in Michigan.
The revamped organizational structure cut at least one office authorized by Congress, which could spur legal challenges.
Constellation Energy will use the loan to refurbish a reactor it idled in 2019. Microsoft has agreed to buy the power once the facility reopens in 2028.
The loan guarantee will backstop $1.6 billion for AEP, one of the nation’s largest utilities, as it seeks to modernize a portion of its transmissions lines.
Trump’s Department of Energy wants to cancel billions more in awards that were granted by the Biden administration, and startups are in the crosshairs.
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Harris-voting states were hit hardest by Department of Energy award cancellations, but not every blue-state project was cut. Politics might play a role.
The Trump administration canceled over 300 awards related to clean energy on October 1. The states most affected by the cuts voted for Democrat presidential candidate Kamala Harris.
The Trump administration canceled over 300 awards related to clean energy on October 1. The states with affected projects all voted for Democrat presidential candidate Kamala Harris.