Rep. Goldman Questions Sec. Wright on Advanced Nuclear Project at Abilene Christian University
Forbes Breaking NewsJuly 7, 20254 min1,339 views
7 connectionsΒ·10 entities in this videoβAdvanced Nuclear Project at Abilene Christian University
- π‘ Abilene Christian University holds one of two NRC permits to build a next-generation reactor.
- π The Department of Energy (DOE) committed in 2019 to provide fuel and salt for this project, a commitment they intend to honor.
- β³ In a perfect world with a reasonable regulatory regime, the reactor should be selling electricity within five years.
DOE Support for Nuclear Workforce
- π§ The DOE budget aims to increase support for universities and colleges to train the next generation of nuclear scientists and skilled workers.
- π The DOE believes that building reactors, selling power, and growing businesses will excite young people about the nuclear industry.
- π Sustainable industries that grow because customers want their products, not due to government subsidies, are key to attracting talent.
Nuclear Energy vs. Subsidized Renewables
- β‘ While wind and solar are subsidized, nuclear, natural gas, and coal are not subsidized and are sometimes penalized by being forced to turn on and off.
- π The DOE is focusing its dollars on initiatives that improve the American energy system and offer consumer-desired products.
Texas Grid and Future Power Needs
- π Texas needs more power, and a proposal suggests that entities bidding into the electricity market must be able to provide 24/7 power.
- π‘ This is compared to an Uber service where reliability and predictability are essential for customers, emphasizing the need for consistent electricity supply.
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Transcript17 segments
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Whatβs Discussed
Advanced Nuclear ProjectAbilene Christian UniversityNRC PermitNext-Generation ReactorMolten Salt ReactorDepartment of Energy (DOE)Nuclear WorkforceNuclear ScientistsSkilled WorkersNuclear IndustryRenewable Energy SubsidiesTexas Grid24/7 Power
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