New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor

In a significant step towards achieving its ambitious climate goals, New York State has joined forces with Constellation, a leading power company, in pursuit of funding from the U.S. Department of Energy (DOE) for the development and deployment of advanced nuclear reactor technologies. This collaboration, announced on October 16, 2024, is part of the Biden-Harris Administration's Investing in America agenda, which aims to catalyze the domestic deployment of Generation III+ light-water small modular reactors (SMRs).

The DOE has opened applications for up to $900 million in funding to support the initial domestic deployment of Gen III+ SMR technologies. This funding, made possible by President Biden's Bipartisan Infrastructure Law, seeks to spur the safe and responsible deployment of advanced reactor technologies across the country. The goal is to create new, good-paying, high-quality jobs, reinforce America's leadership in the nuclear industry, and meet the growing demand for clean, reliable, and affordable power.

New York State, with its commitment to reducing greenhouse gas emissions and transitioning to a carbon-free electricity system by 2040, sees the deployment of advanced nuclear reactors as a crucial component of its energy portfolio. By complementing its existing renewable energy resources with reliable, dispatchable power from SMRs, New York can enhance its energy security, resilience, and affordability.

Constellation, the nation's largest producer of clean, emissions-free, reliable energy, operates the largest fleet of commercial nuclear power plants in the U.S. With its extensive experience and expertise in nuclear energy, Constellation is well-positioned to lead the development and deployment of advanced nuclear reactor technologies in New York and across the country.

The collaboration between New York State and Constellation is expected to create a significant economic impact, generating new jobs and stimulating economic growth in the state. Additionally, the deployment of advanced nuclear reactors can help reduce energy costs and create concentrated economic benefits for communities most impacted by the energy transition.

In conclusion, New York's partnership with Constellation in pursuit of DOE funding for advanced nuclear reactor technologies aligns with the state's broader climate goals and energy policies. By investing in the development and deployment of SMRs, New York can meet its clean energy targets, enhance energy security, stimulate economic growth, and reduce greenhouse gas emissions. As the state continues to lead the way in the fight against climate change, its commitment to advanced nuclear technologies is a testament to its dedication to a sustainable and prosperous future.