NEICA authorizes the development of a versatile neutron source for advanced reactor testing and directs the Department of Energy to prioritize partnering with private innovators to test and demonstrate advanced nuclear reactor concepts.
Directs the Department of Energy to begin planning for a fast neutron source and provides for computational modeling support necessary for advanced nuclear engineering and ensures that the private sector will have access to existing national labs’ resources.
Directs the Nuclear Regulatory Commission to develop a technology-inclusive licensing plan that promotes safety without being prescriptive, while modifying the cost-recovery mechanism so utilities aren’t on the hook for other companies’ technologies.
Cuts federal reviews of small conduit (or energy-recovery) hydropower projects.
H.R. 2880 would streamline the federal licensing process for pumped storage hydropower facilities.
H.R. 2872 and S. 2655E establish a streamlined environmental review process for qualifying non-powered dam projects.
H.R. 3761 and S. 1535 extend and expand the Section 45Q tax incentive for projects that capture and store carbon from coal and natural gas power plants and other facilities.
Modify the 45(j) production tax credit to remove the 2021 deadline for new reactors to be placed in service and allow public-private partnerships more flexibility to utilize the credit.