.jpg)
2 hours ago
1
The state of New York is asking atomic energy developers and major power users to share information about their interest in seeing new nuclear projects built across the region.
Author of the article:
Bloomberg News
Lauren Rosenthal
Published Nov 15, 2024 • 1 minute read
(Bloomberg) — The state of New York is asking atomic energy developers and major power users to share information about their interest in seeing new nuclear projects built across the region.
The announcement from the New York State Energy Research and Development Authority is the latest example of a state’s officials attempting to track down clean energy to feed growing demand for 24/7 power from big tech firms and consumers alike. Appalachian Power, a regional subsidiary of American Electric Power Co., announced Thursday that it plans to pursue a small modular reactor project, or SMR, in 2025.
Advertisement 2
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
New York officials are seeking information by Dec. 16 from a long list of stakeholders, including large power load users, host communities for nuclear reactors, companies that could provide critical nuclear components and research labs.
“We recognize that now is the time to position New York to fully engage this new sector that can drive significant economic development,” Doreen M. Harris, the state authority’s president and chief executive officer, said in a statement Friday.
It’s a significant shift from even just a few years ago: In 2021, the Indian Point nuclear plant near New York City permanently closed as part of an agreement between the state and then-owner Entergy Corp. The move came after years of criticism from safety advocates. Now, the Indian Point facility is in the process of being dismantled.
(Adds details about Indian Point closure in fifth paragraph.)
Article content
English (US)