- Nov 8, 2022 12:02 pm GMT
Big news in nuclear energy financing from LPO's portfolio! Over a decade after LPO and the U.S. Department of Energy (DOE) offered its first conditional commitments for loan guarantees to finance the construction and operation of two new, innovative 1,100 megawatt Westinghouse AP1000 nuclear reactors at Plant Vogtle near Waynesboro, Georgia, Georgia Power Company recently reported that fuel load into the Plant Vogtle Unit 3 reactor core has been completed, marking a historic milestone toward start-up and commercial operation: https://lnkd.in/gQRZdKwR
As LPO Director Jigar Shah remarked, "The United States has been recognized as the leader in advanced nuclear reactor technologies and expertise around the world. The completion of fuel loading at Vogtle nuclear plant is another step forward in energizing American innovation and clean energy."
With more than 9,000 construction jobs at peak and 800 permanent jobs once the units begin operating, Vogtle is currently the largest jobs-producing construction project in the state of Georgia, with the two new nuclear reactors supplementing two existing reactor units at the site and projected to provide more than 17 million megawatt-hours of clean electricity annually—enough reliable electricity to power more than 1.6 million American homes while avoiding nearly 10 million metric tons of carbon dioxide emissions annually.
• Read more details about Vogtle on its LPO project page: Energy.gov/LPO/Vogtle and about LPO's full portfolio of innovative clean energy and advanced transportation projects: https://lnkd.in/gDnF2A6W
• Find out how LPO is helping to commercialize the next generation of nuclear energy—including small modular reactors—through its Innovative Clean Energy Loan Guarantee Program: https://lnkd.in/ggRiESeH
• Download LPO's Nuclear Energy Project Technical Eligibility Reference Guide: https://lnkd.in/g_ChSWJh
No discussions yet. Start a discussion below.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.