A recent series of primers from Life:Powered highlights the potential for expanding nuclear energy in Texas. The state has long relied on nuclear power, which provides nearly 20% of the nation's electricity through 94 reactors. As Texas anticipates increased electricity demand over the next decade, this research emphasizes the need for innovative energy solutions.
The research underscores nuclear energy's ability to meet new demand while addressing reliability concerns. It details safety features of current reactors and notes improvements under strict regulatory oversight. Despite its benefits, nuclear power development faces significant regulatory challenges due to historical accidents. The research calls for reforms at both federal and state levels to aid companies in navigating these hurdles.
Economic viability is another focus, with papers comparing nuclear energy costs to market prices in ERCOT. They highlight challenges posed by volatile energy prices and suggest market reform to properly value nuclear's reliability attributes.
Advanced reactor designs are also explored, including small modular reactors (SMRs) and microreactors, which offer enhanced safety and reduced costs. The papers propose strategies for Texas to lead in nuclear development, such as leveraging military resources for pilot projects and establishing a centralized permitting system.
The coming decade is seen as pivotal for Texas to fully harness nuclear power's potential by addressing regulatory barriers and investing in advanced technologies.