Florida is venturing back to the future of energy, with new conversations about adding nuclear power to its energy mix. On September 10, 2024, the Florida Public Service Commission convened with industry experts to explore the feasibility of advanced nuclear technologies. This initiative follows the state legislature's directive for a study on the potential expansion of nuclear energy, aimed at addressing growing electricity demands and diversifying energy sources.
According to Lauren Sher, the senior director for development at Florida Power & Light, the state's exploration reflects a long-term vision. "We think this will help tee up these opportunities over the next several decades," Sher noted during the meeting. Jacob Williams, CEO of the Florida Municipal Power Agency, emphasized Florida's heavy reliance on natural gas, which supplies about 75% of the state's electricity. "Florida sits like a sore thumb. We are the most dependent part of the country on basically single-source electricity," he stated.
The study will not only examine traditional large reactors but also newer models, such as small modular reactors (SMRs), which are increasingly recognized for their potential mobility and versatility. This broader contemplation on nuclear technology takes place amid similar discussions at the federal level, where the Biden administration is forming coalitions to promote clean nuclear energy solutions and effective deployment strategies.
The advancement of nuclear energy technology is gaining global momentum. Recently, Westinghouse Electric Company unveiled the economic benefits of deploying its AP300SMR technology in Czechia. A report conducted by PricewaterhouseCoopers (PwC) estimates the project could generate approximately Kč 292.7 billion (around $12.9 billion) for the country’s GDP during its initial phases and provide 8,500 jobs annually once operational. The AP300 system is projected to supply carbon-free electricity to nearly 1.95 million homes.
Dan Lipman, president of Westinghouse Energy Systems, expressed the company’s long-standing commitment to Czechia. "The deployment of our AP300 SMR offers significant benefits to Czechia’s economy, workforce, and clean energy goals for the next 100 years," he said. The SMR technology directly aligns with the European Green Deal, aimed at reducing the continent's carbon emissions.
The growing interest and support for nuclear energy is also reflected domestically. Oracle, the tech giant co-founded by Larry Ellison, has announced plans for a new data center powered by three small modular nuclear reactors. This ambitious project highlights the urgent need for reliable, low-carbon power, especially as energy demands soar due to the rise of artificial intelligence and data processing needs. During Oracle's recent earnings call, Ellison pointed out the madness of current electricity demands, propelling the company to seek next-gen nuclear technology.
But it's not just major corporations investing their resources in advanced nuclear technology. NANO Nuclear Energy Inc., which just recently made headlines by being included in the Russell 3000 Index only months after its IPO, is advancing developments of portable nuclear solutions. The company, distinguished as one of the first to publicize portable microreactors, emphasizes its capabilities to contribute toward the greater nuclear renaissance.
Jay Yu, founder and chairman of NANO, is optimistic about this inclusion, viewing it as validation of the company’s strong foundation and future ambitions. He expressed confidence about fostering growth and innovation in the nuclear energy arena.
Globally, the acceptance and interest simmer closer to the boiling point. Aecon Group has signed a Memorandum of Understanding with GE Hitachi Nuclear Energy to support the BWRX-300 SMR technology deployment within the UK. This partnership aims to contribute to the Great British Nuclear SMR selection competition, capitalizing on Aecon's deep expertise to deliver next-gen nuclear infrastructure for reliable, clean energy.
Thomas Clochard, Aecon's EVP of Nuclear & Civil, remarked on the company's commitment to advancing the energy transition via nuclear solutions. With several nuclear refurbishment projects underway across North America, Aecon positions itself as a frontrunner for building future nuclear infrastructure.
While some skeptics voice concerns about nuclear safety, particularly following historical incidents, advanced nuclear technologies are often regarded as safe and reliable energy alternatives. Mary Lou Dunzik-Gougar, professor of nuclear engineering, contended during the Florida meeting, "Nuclear has proven to be a safe source of electricity," reflecting high safety standards maintained even with the advent of smaller reactors.
The Florida study, along with initiatives across the globe, indicates significant shifts were underway toward embracing nuclear power, which may play a pivotal role in future energy generation scenarios. The collaboration between private sector entities and governments marks another step toward embracing clean, sustainable energy solutions.
Overall, the discourse around nuclear expansion indicates growing optimism within the energy sector as states and countries investigate advanced technologies and adapt to shifting power needs. This commitment to nuclear energy enhances the potential for achieving cleaner energy goals and broader acceptance within both public opinion and legislative frameworks.
