Fleet-scale nuclear power in the U.S. on the horizon, company says

On Thursday, Lexington, Ky.-based The Nuclear Company said it is poised to construct a series of nuclear power plants in the United States.

The fleet-scale nuclear development company said its model combines proven, licensed technology with a design-once, build-many approach. Currently, the company said it is developing coalitions across communities, regulators and financial stakeholders to deliver safe and reliable electricity at the lowest cost, by developing standardized processes and scheduling to sequence work and minimize delays.

“The Nuclear Company is working towards solving America’s surging energy demand by redefining how large-scale, nuclear infrastructure projects are delivered,” Juliann Edwards, Chief Development Officer for The Nuclear Company and Chair of U.S. Women in Nuclear, said. “We recognize the challenges facing our industry, where one-off nuclear projects historically go over budget and run behind schedule. Our unique approach integrates proven technology with unparalleled collaboration among diverse organizations, ensuring that fleet-scale projects are executed on-time and on-budget. The time is now given a sea change in public opinion that’s overwhelmingly supportive of nuclear power, recent bipartisan legislative action, and our business model that drives down upfront costs. Together, we’ll reap the long-term benefits of plentiful, cheap nuclear power during this once-in-a-century opportunity for nuclear power in America.”

The company’s launch comes as the country faces a surge in energy demand drive by Artificial Intelligence computing, onshoring manufacturing and the electrification of everything, officials said. The International Energy Agency predicts global electricity demand will increase nearly 30 percent by 2030 – the equivalent of adding another United State and European Union combined.

The Nuclear Company said it hopes to rebuild American leadership in clean baseload energy.

“The success or failure of the U.S. economy will be determined by our ability to power its innovations. Nuclear power is the cornerstone of that endeavor,” Patrick Maloney, The Nuclear Company co-founder and chair, said. “The Nuclear Company’s business model is designed to solve the problems that have constrained the country’s nuclear potential. The Nuclear Company aims to reposition the U.S. as a paradigm of clean energy advances that will set the standard for the industry.”

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