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U.S. needs major nuclear power expansion to meet rising electricity demand, Southern Company CEO says - TL;DR CNBC

U.S. needs major nuclear power expansion to meet rising electricity demand, Southern Company CEO says

Publishing timestamp: 2024-06-27 20:53:35


Summary

CEO of Southern Company says U.S. needs to install more than 10 gigawatts of new nuclear power to meet energy demand and climate goals. Southern Company recently opened first new nuclear plant in U.S. in over three decades. The company expects demand to grow significantly and believes nuclear power will play a key role in providing reliable electricity. Building new nuclear plants is expensive and time-consuming, but developing small modular nuclear reactors could be a solution.


Sentiment: NEUTRAL

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Keywords: alternative and sustainable energyoil and gasaes corpbusiness newsmarketsenergysouthern coutilities select sector spdr fundbreaking news: marketsge vernova inc

Source: https://www.cnbc.com/2024/06/27/us-needs-major-nuclear-power-expansion-southern-company-ceo-says.html


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