Biden Administration Backs New Nuclear Power Plants

The White House will announce new measures to support the development of U.S. nuclear power plants to combat climate change and meet the goal of decarbonizing the economy by 2050. The initiative aims to address rising security costs and competition from cheaper energy sources, while also focusing on mitigating construction cost and schedule overruns. Critics express concerns about radioactive waste and potential risks. The Department of Energy highlights the increased safety of advanced reactors and tools to reduce capital costs.