New York State wants more nuclear power in a big way

New York Governor Kathy Hochul has announced plans for the state to develop a large new nuclear power facility designed to generate at least 1 gigawatt of electricity. Emphasizing the importance of nuclear energy in reducing fossil fuel dependence, Hochul directed the New York Power Authority (NYPA) to spearhead the project, though specific site and design choices remain undecided. The state intends to collaborate with private partners for development, finance construction, and purchase the plant’s output. Potential locations include existing nuclear plants in upstate New York. This initiative aligns with a broader trend of tech companies like Microsoft, Meta, and Amazon investing in nuclear power to secure clean energy for their operations. Despite renewed interest, the nuclear industry faces significant challenges, including the absence of new nuclear plant construction in the U.S. for over 15 years and historical issues with cost overruns and delays. Hochul highlighted the need for federal regulatory and permitting reforms to expedite project timelines, noting that current barriers reside primarily in Washington