Nuclear’s Backers Defend Its Future Despite Scrapped Project

Last week’s cancellation of America’s leading advanced reactor project shouldn’t kill nuclear energy’s momentum as a climate and power grid reliability solution, US officials, lawmakers, and industry leaders insisted Monday during a conference in Washington.

But thorny policy and economic questions, such as Treasury tax credit guidance, further Congressional support for production of enriched fuel, finding a home for nuclear waste, and shifting public perception must be answered to advance the industry in the 21st century, according to speakers organized by the American Nuclear Society’s Winter Meeting.

Those challenges come after NuScale Power Corp. decided to pull the plug on ...