Advanced Energy Act Moves to Senate for Confirmation

Last week, the Accelerating Deployment of Versatile Advanced Nuclear for Clean Energy Act (ADVANCE Act) was passed in an overwhelmingly bipartisan 393-19 vote in the House, as a package in the Fire Grants and Safety Act (S. 870). 

Highlights of the ADVANCE Act include…

  • A provision to for the NRC to develop framework to license and regulate micro-reactors

  • A regulatory framework to research and support the development of nuclear facilities at former fossil fuel facilities

  • Financial awards for first-of-a-kind (FOAK) reactors in five different categories.

  • The NRC can no longer charge mission-indirect program support and agency support fees to advanced nuclear reactor applicants.

  • The NRC can no longer charge pre-application activity and early site permit review fees on DOE sites

  • Amendments to facilitate increased international cooperation on the development of nuclear facilities, technologies, and supply chain

Now, the Act will move to the Senate, where it will be subject to fast-track procedure for final approval. You can take a look at the full text of the Act here.

 

ECA will continue to look out for and keep you updated on developments on the ADVANCE Act. 

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