Does Nuclear Power Have a Robust Future in the U.S.?
Wednesday, November 15, 2017 at 08:52PM
Uranium Stocks

Supporters say reforms would allow the industry to scale up and reduce costs. But skeptics say market forces working against the industry are too strong.

Here’s one sign that nuclear energy has been struggling: Operators shut down six reactors in recent years before their licenses expired, and announced plans for several other early closings, according to the Energy Department. Reasons given include competition from natural gas, burdensome regulation and market structures.

Only new state subsidies can prevent more closings, plant operators have said.

Still, nuclear plants produced almost 20% of total U.S. electrical output in 2016, and 63% of carbon-free electricity.

Faced with global warming, many agree nuclear offers the most efficient renewable alternative to carbon-based fuels. Meanwhile, the Trump administration has promised to help the industry with incentives and reduced regulation.

So, will nuclear lead the way, or won’t it?

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