Nuclear is bouncing back

Synopsis

After decades in decline, nuclear power is regaining attention in the US and globally as governments aim to increase emissions-free energy production. Despite past accidents that have raised safety concerns, the need for reliable energy sources has brought nuclear back into focus. Recent construction projects in the US, UK, and France have faced significant delays and budget overruns, causing investor apprehension. In the US, 13 reactors have been shut down since 2013, and analysts predict that over half of the existing reactors may be inactive by the decade's end. While nuclear power competes with modern gas and renewable energy, it still accounts for about half of the nation's carbon-free electricity. President Biden's efforts to combat climate change include a $6 billion investment to extend the lives of current reactors, but advocates argue that new, cheaper, and safer mass-produced reactors are essential for the industry's future. Bill Gates has emerged as a prominent supporter, emphasizing nuclear's potential in addressing climate change.