American states are competing for new nuclear power plant projects

ByRod Adams

My, how times are changing! According to an article published by MarketWatch on May 21, 2007 titled States maneuver to lure new nuclear power plants a number of US states including Florida, Louisiana, South Carolina and Georgia are offering financial incentives to companies that build new nuclear power plants.

The states have the revolutionary notion that it is a good thing for them to encourage development of plants that will operate on a fuel whose price is less volatile and cleaner than natural gas. (That sentence is dripping with sarcasm, just in case you did not notice.)

Once again, there is evidence that the Not In My Backyard attitude that temporarily surrounded new nuclear power projects has been replaced by a new struggle for the economic and environmental benefits of hosting new, modern, job generating facilities with plenty of potential spin off industry.

Rod Adams
Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

Similar Posts

Established Environmental Groups Are Grudgingly Accepting Nuclear Energy

ByRod Adams

In the November 23, 2009 issue of the Washington Post, there is an article titled Nuclear Power Regains Support that describes how some established Environmental groups and individuals have decided that nuclear power can be part of a set of tools that will enable a transition away from fossil fuels. A major reason given for…

Nuclear power plants are destroying nuclear weapons as you read this post

ByRod Adams

One of the arguments that is often used against new nuclear power plants is that they have the potential to contribute to the spread of nuclear weapons. That charge is debatable, but what is not debatable is the fact that only nuclear reactors can permanently destroy the material that is left over once nuclear weapons…

Joe Romm Falsely Accuses Bill Gates of Not Acting On Climate Change

ByRod Adams

Joe Romm, that predictable purveyor of climate crisis talk made illogical by his strong dislike or disregard for atomic tools, has written a piece for Salon.com titled The heat is on Bill Gates (registration required). The basis premise of the article is that Bill Gates, who is operating a foundation that spends about $3 billion…

President Obama Answers Question From a Young Person By Explaining at Least One Reason to Invest in Nuclear Energy

ByRod Adams

President Obama recently participated in a virtual town hall meeting via YouTube, answering questions submitted by viewers. Here is a clip of a question about investing in nuclear energy. We need to help financially inexperienced people, young and old, learn to recognize the important difference between spending and investing. When you invest money into an…