Nuclear Production Tax Credits Protects American Energy Reliability & Security
The U.S. has the potential to reduce reliance on foreign countries while meeting the rising energy demand from AI and data centers. But America's energy security depends on the strength of our nuclear fleet.
Nuclear power is the most reliable source of electricity, running around the clock to power homes, businesses and critical infrastructure. As electricity demand grows, nuclear power ensures a stable, always-on supply of energy.
The fastest, most cost-effective way to expand nuclear energy capacity in the U.S. is by investing in our existing nuclear fleet. Increasing output at existing plants, extending reactor operations and restarting recently closed facilities can add thousands of megawatts to the grid in just a few years – the equivalent of multiple new large-scale reactors – while the U.S. works to build a fleet of new nuclear power plants.
The future of America's existing nuclear industry depends on the nuclear production tax credit (45U) and the clean energy production tax credit (45Y). New nuclear power also depends on the financial and business stability provided by these policies.
The nuclear production tax credit has made a major difference. Before the tax credit became available, 13 reactors closed for economic reasons. As a result of these tax credits, the Crane Clean Energy Center in Pennsylvania will reopen, adding 835MW of electricity to the grid and creating 3,400 direct and indirect jobs. Two other plants that were recently closed are planned to restart operations.
