The Nuclear Investment Vacuum

The low cost and abundance of natural gas is rapidly causing utility companies to replace coal plants and aging nuclear power plants with gas-fired power plants. The widespread transition to natural gas highlights a need for the nuclear industry to focus on innovation as a means of regaining its competitiveness. Yet innovation requires long-term investment, and the nuclear sector faces structural difficulties in procuring the necessary funds to develop promising technologies. Republicans, who now control both houses of Congress, draw a strong distinction between basic research, which they generally accept as a federal responsibility, and applied research, which they believe… [more]