FILE - Carbon dioxide and other pollutants billows from stacks at the Naughton Power Plant, near where Bill Gates company, TerraPower plans to build an advanced, nontraditional nuclear reactor, on Jan. 12, 2022, in Kemmerer, Wyo. 6 min read
Staffan Qvist, an expert in energy systems analysis and decarbonization strategies, has extensively researched the feasibility of replacing coal plants with emissions-free alternatives in China and Poland. He found that coal plants often make ideal sites for advanced, high-temperature nuclear reactors.
There are nearly $375 billion in climate incentives in the Inflation Reduction Act. Among them, there's a new tax credit available to any carbon-free electricity generator. That includes new advanced nuclear reactors that begin construction in 2025 or later. Existing nuclear plants that expand their output could get credit for that additional electricity production.
The incentives are a game changer for the nuclear energy industry, said Jacopo Buongiorno, professor of nuclear science and engineering at the Massachusetts Institute of Technology. Buongiorno has studied the future of nuclear energy in a carbon-constrained world.
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