A bipartisan energy bill boosting nuclear power heading to President Biden’s desk

Democrats and Republicans don’t agree on much on Capitol Hill these days, but they just passed bipartisan legislation to promote the growth of future nuclear power plants — and President Joe Biden is expected to sign it into law.

What’s called the ADVANCE (Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy) Act aims to make it easier and faster to build new reactors across the country. The bill sailed through the Senate earlier this week on an 88-2 vote.

Earlier this year, the House of Representatives passed a similar version of the bill that was sponsored by Rep. Scott Peters, D-San Diego.

“Nuclear energy is essential to a clean, resilient and reliable electric grid and represents the largest source of zero-carbon electricity in the United States,” Peters said in a statement.

The legislation looks to encourage developers to build new power plants by reducing fees and accelerating the permitting process. It also looks to spur investments in improved designs, such as small modular reactors seen at the TerraPower project in Wyoming.

Backed by billionaire Bill Gates, the site broke ground earlier this month and plans to start producing electricity in 2030.