(DCNF)—The Senate sent one of the most significant pro-nuclear energy bills in recent history to President Joe Biden’s desk this week, but the bill alone is unlikely to spur a nuclear renaissance in the U.S.
The ADVANCE Act passed the Senate on Tuesday by a strong 88-2 bipartisan vote to the applause of pro-nuclear organizations who described the bill as a major step forward for America’s energy future. The bill is a first step toward freeing up a nuclear industry that has long been shackled, but it does not address some impediments the industry faces, according to nuclear energy experts.
The bill is designed to bring down the costs of nuclear licensing, create new opportunities for old industrial sites to eventually be converted to host reactors and give the Nuclear Regulatory Commission (NRC) more staffers and resources to execute their mission, according to the office of Republican West Virginia Sen. Shelley Moore Capito, a key architect of the bill. The bill is a welcomed development for the nuclear industry, which has struggled to expand for decades despite growing momentum — especially on the environmental left — to decarbonize the U.S. power system and wider economy.
Dems Who Shrieked About Climate Apocalypse Voted Against Bill Promoting Emissions-Free Nuclear Powerhttps://t.co/KWk0oN08HW
— Daily Caller (@DailyCaller) February 29, 2024
“This bipartisan legislative package ensures the U.S. maintains its leadership on the global stage and helps meet our climate and national energy security goals,” Maria Korsnick, president and chief executive officer at the Nuclear Energy Institute (NEI), said of the bill. “The passage of the ADVANCE Act allows us to bolster U.S. international competitiveness at this crucial junction, accelerate the domestic deployments of innovative advanced nuclear technologies, and modernize the oversight and licensing of the operating fleet of reactors.”
However, the bill is not a total victory for those hoping to see a speedy expansion of the technology’s footprint, as issues like the NRC’s general attitude of risk aversion and a lack of robust financial protection against cost overruns are not addressed directly by the legislation.
“The Nuclear Regulatory Commission has made recent progress to become more efficient while maintaining its focus on safety, but there is more work to be done,” Korsnick added. “The bill will support efforts to further modernize the NRC as it prepares to review an ever-increasing number of applications for subsequent license renewals, power uprates and next generation nuclear deployments.”
John Starkey, the director of public policy for the American Nuclear Society, told the DCNF that the bill is a “step in the right direction,” but probably will not be enough to singlehandedly usher in a nuclear renaissance.
“ANS applauds the long awaited passage of the ADVANCE Act. This bill provides common sense direction to enable the accelerated deployment of advanced nuclear reactors needed to meet the world’s clean energy goals,” Starkey told the DCNF. “The bill alone won’t open any floodgates, but it’s a necessary step in the right direction due to added workforce and the streamlined approach the NRC can take when regulating advanced reactors.”
While the NRC is set to get a boost from the new bill should it be signed into law, the institution is thought by some energy experts — including Dan Kish, a senior fellow at the Institute for Energy Research — to be too conservative and risk-averse in its approach to regulating the industry. Kish believes that the NRC has created a “regulatory morass” out of risk aversion over time that holds nuclear power back by significantly driving up costs, as he previously told the Daily Caller News Foundation.
As of August 2023, there were 54 operational nuclear power plants and 93 commercial reactors in America, which together provide approximately 19% of America’s power, according to the U.S. Energy Information Administration (EIA). The average nuclear reactor is about 42 years old, while licensing rules limit their lifespans to an upper limit ranging from 40 to 80 years, according to EIA.
Nuclear power capacity grew rapidly between roughly 1967 and 1997, but it has generally stayed flat since then, according to the EIA. Only a handful of new nuclear reactors have come online in the past twenty years, but nuclear generally remains a more reliable low-carbon source of power than solar and wind, an important consideration when taking stock of the Biden administration’s goals to decarbonize the U.S. power sector by 2035 and the overall economy by 2050.
Grid watchers have warned consistently that the nation’s grid may not be able to sustain considerable growth in electricity demand amid simultaneous retirement of reliable fossil fuel-fired generation and its replacement with intermittent solar and wind, for example. Hence, nuclear power may hold the keys to recognizing the decarbonized future Biden and his appointees are pursuing with aggressive regulation and spending.
?EXCLUSIVE? from @mikeginsberg98
Members Of Congress Push Defense Department To Embrace Nuclear Energy https://t.co/KeYmwzHj6X
— Daily Caller (@DailyCaller) July 13, 2023
To that end, the Biden administration evidently recognizes the promise of nuclear power, and is making a big push to advance it.
The Biden administration signed onto a pledge at last year’s United Nations climate summit to triple nuclear energy capacity by 2050, and has also extended “billions and billions and billions” of dollars to spur a nuclear revival in the U.S., as Energy Secretary Jennifer Granholm said at a nuclear energy conference in June. On Monday, Granholm’s Department of Energy (DOE) announced $900 million in funding to advance deployment of next-generation small modular reactors.
Two of the most recent nuclear reactors to come online are Unit 3 and Unit 4 at the Alvin W. Vogtle Electric Generating Plant, a nuclear power plant located in Georgia. Those reactors finally came online after years of delays and billions of dollars of cost overruns, demonstrating the challenges that the complex nature of nuclear engineering and construction can pose.
Tim Echols, a commissioner on the Georgia Public Service Commission, also praised the bill, but he raised different issues than other energy sector experts who focused more on the role of the NRC. Echols was involved in getting the Vogtle projects over the finish line in his capacity as a commissioner for the entity regulating the state’s utilities.
“What I am most encouraged about with ADVANCE is the bipartisan support for nuclear. For too long, only Republican-run states have been interested in new nuclear — and those times seem to be coming to an end,” Echols told the DCNF. “While ADVANCE doesn’t have the federal financial backstop I have been asking for, which would protect against overruns caused by bankruptcies, it still is very positive. “Speeding up licensing will allow the technology to be deployed sooner — assuming you have states stepping forward with the courage to build new nuclear.”
The backstop that Echols describes would be some sort of federal bankruptcy protection, which would incentivize policymakers and developers to move forward with new projects because “building new nuclear power is still incredibly risky,” and utility commissioners across America may hesitate to do so without some protection against what we went through in Georgia.”
“Clearly, ADVANCE, and the recent White House efforts on behalf of nuclear energy represent a push to accelerate new nuclear deployment in the United States that we haven’t seen since I was a boy,” Echols told the DCNF.
The DOE did not respond immediately to a request for comment, and the NRC declined to comment because the legislation has yet to be signed into law.
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Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
