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U.S. Nuclear Power Sector Gains Momentum in 2024 with Advance Act and Federal Funding Initiatives.

The U.S. nuclear power sector has received a significant boost in H1 2024 due to the passage of the Advance Act, which could accelerate deployment of advanced reactors and raise safety concerns. The bill comes amid significant federal funding announcements to bolster the U.K. nuclear fuel supply chain, support small modular reactors, and back existing reactors. At the state level, efforts are also being made to stimulate nuclear development. While the sector continues to face challenges, nuclear power is being considered to meet growing electricity demand from data centers.

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