New subscriber here, Mitch. I am enjoying your perspective. One quick question: you posit that winners under President Trump’s policies include advanced nuclear and carbon capture bets. I understand carbon capture potentially being helped, but how do you see advanced nuclear benefitting? Thanks…
I think that the tax credits that most benefit nuclear (e.g., 45U) will not be targets in the 2025 Trump tax bill (meaning the IRA benefits will stay in place). I also expect the LPO may be focused on nuclear and advanced manufacturing (though it was under the previous administration as well). I am also looking for benefits in an upcoming permitting bill to accelerate new nuclear permitting. The biggest open question to me is whether the NRC can change under the current administration to accelerate approvals. This would require a major change and is the most speculative, but this administration seems to have the will.
New subscriber here, Mitch. I am enjoying your perspective. One quick question: you posit that winners under President Trump’s policies include advanced nuclear and carbon capture bets. I understand carbon capture potentially being helped, but how do you see advanced nuclear benefitting? Thanks…
I think that the tax credits that most benefit nuclear (e.g., 45U) will not be targets in the 2025 Trump tax bill (meaning the IRA benefits will stay in place). I also expect the LPO may be focused on nuclear and advanced manufacturing (though it was under the previous administration as well). I am also looking for benefits in an upcoming permitting bill to accelerate new nuclear permitting. The biggest open question to me is whether the NRC can change under the current administration to accelerate approvals. This would require a major change and is the most speculative, but this administration seems to have the will.