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Secretary of Energy Emphasizes Need for Nuclear Power and Highlights Small Modular ReactorsIn an op-ed published in the Wall Street Journal, US Secretary of Energy Dr. Steven Chu wrote that, between the $8-billion in conditional loan guarantees for the first nuclear power plant to break ground in nearly three decades (earlier post), and the new authority granted by the president’s 2011 budget request, the Department of Energy will be able to support between six and nine new reactors in the US.Now we know why they pushed for health care reform. We'll all need coverage when third eyes sprout on our children's foreheads. Okay - an exaggeration. No third eye - just cancer - Whew!!!
Perhaps most importantly, investing in nuclear energy will position America to lead in a growing industry. World-wide electricity generation is projected to rise 77% by 2030. If we are serious about cutting carbon pollution then nuclear power must be part of the solution. Countries such as China, South Korea and India have recognized this and are making investments in nuclear power that are driving demand for nuclear technologies. Our choice is clear: Develop these technologies today or import them tomorrow.
That is why—even as we build a new generation of clean and safe nuclear plants-we are constantly looking ahead to the future of nuclear power. As this paper recently reported, one of the most promising areas is small modular reactors (SMRs). If we can develop this technology in the US and build these reactors with American workers, we will have a key competitive edge.
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