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By A.J. Roan
Metal Tech News 

Nuclear gets historical tax incentives

Benefits to be felt from all with cheaper and cleaner energy Metal Tech News – September 14, 2022

 

Last updated 9/13/2022 at 2:59pm

America's largest nuclear plant, the Palo Verde plant in Arizona.

APS

The Palo Verde Generating Station is the largest producer of clean energy in the United States. Its three reactors can generate almost 4,000 megawatt-hours of electricity per hour.

The Inflation Reduction Act aims to lower energy bills for U.S. consumers, among many other financial and climate benefits. Nuclear energy is among the benefactors of this landmark legislation.

According to the Office of Nuclear Energy, the law entails a production tax credit to help preserve the existing fleet of nuclear plants.

"This is a huge priority for our office," the federal nuclear off...



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