Under the right conditions, hydrogen production could offer a lifeline that may prevent some aging U.S. nuclear reactors from retiring early, according to some industry experts. While nuclear energy supplies more than half of the nation’s clean electricity, many nuclear power plants are having a hard time competing with cheaper natural gas and renewable energy generation. The industry has therefore called on the federal government to develop policies that recognize the industry’s value in providing clean energy to help support nuclear power. Nuclear-produced hydrogen could provide an additional revenue stream for the nuclear fleet, potentially helping to keep aging reactors in some markets online. This is because producing hydrogen from a nuclear plant’s electricity and steam can allow utilities to run the plant at full output rather than having to curtail production when lower-cost energy sources are available.
S&P Global 5th April 2021 read more »