Apr 4, 2025, 4:36 PM
Apr 4, 2025, 4:36 PM

Jack Spencer calls for nuclear industry revolution as U.S. policies lag behind

Highlights
  • The U.S. nuclear industry mismanages spent nuclear fuel, causing taxpayer burdens.
  • Innovative small modular reactors of varying capacities are emerging, with many stems from U.S. or allied nations.
  • Jack Spencer proposes significant market-driven reforms to empower nuclear energy and improve policy frameworks.
Story

In the United States, the nuclear energy sector is facing significant challenges due to outdated policies, particularly regarding spent nuclear fuel management. Jack Spencer, an advocate for nuclear energy reforms, has highlighted the inefficient federal handling of nuclear waste, which has become a financial burden for taxpayers. He argues that states have the power to regulate certain nuclear materials under existing laws, which could lead to better regulatory frameworks for reactor construction. Additionally, the U.S. has relied heavily on foreign entities, especially Russia, for uranium and fuel services. Spencer views the recent signing of the Prohibiting Russian Uranium Imports Act by President Biden as a step toward greater independence in nuclear fuel sourcing. However, he critiques the leniency in the waiver process associated with this law. Spencer's recommendations focus on empowering U.S. companies to enhance the nuclear industry through market-driven policies and prompt construction of new reactors, aiming for a systematic overhaul of nuclear energy policies in the country.

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