The Department of Energy (DOE) said it is seeking applications under the $6 billion Civil Nuclear Credit (CNC) Program from operators of nuclear power plants on track to shut down.
The Biden administration has identified nuclear power as a key component of its overarching climate goal to achieve a carbon-free grid by 2035 and a net-zero economy by 2050, according to the DOE announcement late Tuesday. The billions of dollars in government credits will be available to aging nuclear reactors that may soon close due to economic circumstances.
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