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A major economic bill headed to Biden’s desk has ‘game changing’ incentives for nuclear energy companies—especially those locating near a closing coal plant

PROVIDENCE, R.I. — A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing.

The transformative bill provides the most spending to fight climate change by any one nation ever in a single push. Among the many things it could do nuclear energy experts say is spur more projects like one Bill Gates is planning in Kemmerer, Wyoming. Gates’ company, TerraPower, plans to build an advanced, nontraditional nuclear reactor and employ workers from a local coal-fired power plant scheduled to close soon.

Companies designing and building the next generation of nuclear reactors could pick one of two new tax credits available to carbon-free electricity generators, such as wind and solar. To ensure coal communities have a place in the energy transition,…

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