Sunday, October 26, 2025

New York Bets On First Big US Reactor Push in a Generation

New York Governor Kathy Hochul has ordered the New York Power Authority to develop at least 1 gigawatt of new nuclear power capacity, marking the first large US reactor project launched in more than 15 years and an early test of President Donald Trump’s push to fast-track federal permits.

Hochul said the aim is to “make sure that every company that wants to come to New York and everyone who wants to live here will never have to worry about reliability and affordability when it comes to their utility costs.”

NYPA—created in 1931 by then-Governor Franklin D. Roosevelt—will select a reactor design, secure an upstate site, and decide whether to proceed alone or with private partners.

The 1GW target—roughly enough to power one million homes—would partially replace the output lost when the Indian Point plant closed in 2021 and forced the state to burn more natural gas. Nuclear plants still supply about 19% of US electricity, yet total capacity has slipped 4% since 2012 as retirements outpaced new builds.

Hochul framed the project as a practical gauge of Trump’s May executive orders to “overhaul the US nuclear regulator, fast-track licenses, boost domestic fuel supplies, and free up federal land.”

“Why does it take a decade? That’s why no one is doing it; the barriers are too high,” she said.

Potential sites include Constellation Energy’s Nine Mile Point complex, where NYPA and Constellation are already pursuing a federal grant for additional reactors. The state is also studying Ontario’s plan for four small modular reactors—factory-built units that could trim both timelines and costs.


Information for this story was found via The Wall Street Journal and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

This Is Why the Gold Run Is Not Done! | Peter Marrone – Allied Gold

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

US Regulators Clear Kairos Power’s Tennessee Reactor Project

Nuclear power startup Kairos Power has secured US regulatory approval to construct two test reactors...

Monday, November 25, 2024, 03:44:00 PM

Nuclear: South Korea Extends Life On 10 Reactors, France Initiates New 1650MW Plant

South Korea is set to embark on extending the lifespan of ten nuclear reactors in...

Monday, April 1, 2024, 02:40:00 PM

Return to Nuclear: Italy Considers SMRs as Key to Achieving 2030 Energy Goals

Italy’s Minister for the Environment and Energy Security, Gilberto Pichetto, has expressed support for the...

Monday, May 20, 2024, 11:41:00 AM

Tech Giants and Uranium: Reshaping the Nuclear Energy Landscape | Forum Energy with Dr. Rebecca Hunter

In this interview at the Red Cloud Fall Mining Showcase 2024, Dr. Rebecca Hunter, Vice-President...

Saturday, October 19, 2024, 01:22:00 PM

Illinois Governor Vetoes Bill To Lift Moratorium On Nuclear

Illinois Governor J.B. Pritzker has wielded his veto power to reject a bill on Friday...

Monday, August 14, 2023, 01:03:42 PM