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

This Nevada Gold Mine Could Be Back in Production Next Year | Kimberly Ann – Lahontan Gold

The Highest-Grade Copper-PGM Discovery in the World? | Terry Lynch – Power Metallic

A Small Gold Explorer With a Big Mexico Hit | Saf Dhillon – Questcorp

Recommended

Amid CBS Shuffle, Is Joe Rogan Replacing Anderson Cooper On 60 Minutes?

Silver47 Targets Resource Growth With 10,000 Metre Red Mountain Drill Program

Related News

Utah Seeks to Build Second US Uranium Enrichment Facility

Utah officials announced Thursday a proposal to build a uranium processing facility at Camp Williams...

Monday, June 16, 2025, 07:50:19 AM

Deregulation, 20-Ton HALEU Release Among Trump’s Orders To Supercharge Nuclear

President Donald Trump signed four intertwined executive orders aimed at rebuilding America’s nuclear fuel cycle,...

Monday, May 26, 2025, 02:56:00 PM

Italy Advances Plans to Reverse Nuclear Energy Ban After Four Decades

Italy took a significant step toward ending its 38-year ban on nuclear power in October...

Wednesday, October 8, 2025, 04:28:00 PM

France Commits to Six New Nuclear Reactors in Sweeping Energy Overhaul

France’s government has published a decade-long energy roadmap that bets heavily on nuclear power while...

Tuesday, February 17, 2026, 03:15:00 PM

Global Nuclear Expansion Set to Fuel Surge in Uranium Demand

Global nuclear power capacity is expected to grow significantly over the next decade, according to...

Thursday, October 17, 2024, 04:05:00 PM