DOE Seeks Applications and Bids for $6 Billion Civilian Nuclear Credit Program
WASHINGTON DC- The U.S. Department of Energy (DOE) today announced its intention to solicit applications and sealed bids under the $6 billion Civilian Nuclear Credit (CNC) program to support the continued operation of nuclear reactors. Americans – the nation’s largest source of clean energy. Guidance released today tells owners or operators of nuclear reactors scheduled to shut down due to economic conditions how to apply for funding to avoid premature shutdown. This includes instructions on how to formulate and submit sealed offers for awarding credits. This critical investment, made possible by President Biden’s bipartisan Infrastructure Act, will help avoid premature reactor shutdowns across the country due to financial hardship, preserve thousands of well-paying clean energy to support local economies and protect our carbon-free electricity supply. generation.
“U.S. nuclear power plants contribute more than half of our carbon-free electricity, and President Biden is committed to keeping these plants active to meet our clean energy goals,” said U.S. Secretary of Energy Jennifer M. Granholm. “We are using every tool available to power this country with clean energy by 2035, and that includes prioritizing our existing nuclear fleet to enable continued emissions-free electricity generation and economic stability for people. communities leading this important work.”
The Biden-Harris administration has identified the nation’s current reactor fleet as a vital resource for achieving economy-wide net-zero emissions by 2050 — a key deadline for reducing the adverse effects of climate change. Changing energy markets and other economic factors have led to the early shutdown of 12 commercial reactors in the United States since 2013. This has led to increased emissions in these regions, poorer air quality , the loss of thousands of well-paying jobs, essential employers and financial contributors to local communities. The NCC program will equitably address these challenges while supporting the President’s clean energy goals to ensure communities across the country continue to see the benefits of sustainable energy infrastructure.
“I am pleased to see that the Department of Energy has worked with incredible speed and determination to roll out the Civilian Nuclear Credit Program, authorized and funded by the bipartisan Infrastructure Act. This will allow reactors at risk to begin to submit bids over the next 30 days,” said U.S. Senator Joe Manchin (D-WV), Chairman of the Senate Energy and Natural Resources Committee. “Quick and decisive action is what we needed from the Department, and that’s what they achieved in establishing the Civilian Nuclear Credit Program.” This program will keep our reactors running, preserve American jobs, reduce emissions and strengthen our energy security. We have taken the reliability and resilience of our nuclear fleet for granted and it is time we acted to preserve these vital assets.”
As requested by many public commenters during the Request for Information (RFI) period earlier this year, the CNC’s first allocation round will prioritize reactors that have already announced their intention to cease operations. Future CNC award cycles – including the second to be launched in the first quarter of fiscal 2023 – will not be limited to nuclear reactors that have publicly announced their intention to retire.
For the first CNC award period, DOE is accepting certification requests and offers in one submission to implement the program in a shorter timeframe.
Learn more about the CNC Program and CNC Guidance for April 2022. Applications for certification and sealed offers of credits for the first CNC award cycle must be submitted no later than 11:59 p.m. Mountain Time, May 19, 2022.