ADVANCE Act (Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy)
Signed into law to accelerate the licensing and deployment of advanced nuclear reactors. Reduces NRC licensing fees, creates new licensing pathways, and establishes incentives for international nuclear cooperation.
Key Points
- Reduces NRC licensing fees for advanced reactor applications
- Creates a new prize for the first advanced reactor to generate electricity
- Accelerates environmental review timelines
- Establishes pathway for licensing nuclear facilities at retired fossil fuel sites
- Directs NRC to develop licensing framework for micro-reactors and SMRs