Public support for nuclear power in the US has risen to 56%, up from 43% in 2020. This increase in favorability, along with economic incentives like the Inflation Reduction Act’s tax credits, has revitalized interest in nuclear energy. Tech giants are also fueling this resurgence by seeking nuclear power for their data centers. Existing nuclear plants are benefiting from efforts to extend their operational life, reopen closed facilities, and increase their power output through uprates, which have added six gigawatts over the past two decades. However, the real challenge lies in constructing new reactors. Historical projects like Plant Vogtle, which saw costs balloon from $14 billion to over $30 billion, highlight the financial and time-intensive nature of new nuclear builds. Innovations like small modular reactors and next-generation technology promise cost and time efficiencies, but their success hinges on significant investment and regulatory changes. The next few years are crucial for determining if this renewed interest can translate into a new era of nuclear power development.
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