Handouts! Get your handouts, here!
Seems like the only way to get a business going (or keep it
going) today is to get help from Washington. That is, unless you're
in the nuclear business. While other industries are begging for
taxpayer dollars, the nuclear industry is expanding at an
impressive pace -- without federal subsidies.
Although no plants have been officially ordered yet, enough
utilities are moving forward with plans to do so that companies
that supply the components and services necessary to design, build
and man those plants have begun expanding already.
Ironically, one of the anti-nuke crowd's favorite cracks against
nuclear is that it's too expensive to succeed without public funds.
Yet their favorites, like wind and solar, seem utterly dependent on
the government dole, while nuclear is going gangbusters.
This growth is happening throughout the supply chain. Uranium
mining companies are prospecting nationwide and seeking permits to
begin operations. Opponents often portray this as a dangerous
activity, but uranium is safely mined in places like Canada and
Australia and can be safely expanded in the U.S.
Once mined, uranium must be enriched so that it can be turned
into fuel. Just a few years ago, the United States had very little
enrichment capacity -- and what it did have was inefficient and
expensive. Fast forward to today: Two new enrichment facilities are
under construction, with two more in the works.
Nuclear fuel, of course, isn't worth much without new reactors.
Until recently, the U.S. didn't have much of a commercial nuclear
industrial base. Indeed, there was no domestic capacity to
manufacture the large components needed to build nuclear reactors.
But all of that is changing -- and fast.
In 2006, energy technology leader Babcock & Wilcox opened
its doors to commercial nuclear manufacturing. Global nuclear giant
AREVA and the American shipbuilder Northrop Grumman Shipbuilding,
meanwhile, recently announced a partnership to start building heavy
nuclear components.
And then there are the jobs. While visions of "green jobs" dance
in the heads of Washington bureaucrats, the nuclear industry is
creating thousands of high-skill, high-paying actual jobs.
Westinghouse, for example, has already created more than 3,000 new
jobs and will create another 2,900 for a development in Louisiana
it's building with The Shaw Group. This facility will be used to
construct modules to build nuclear plants.
To get these jobs, people need training -- and America's
university nuclear engineering programs are expanding to meet the
challenge. While some universities like Purdue, Texas A&M, and
the University of Florida are growing their nuclear programs,
others, such as the University of Virginia, are reestablishing
theirs.
The push to develop a skilled nuclear workforce extends well
beyond universities. Community colleges are collaborating with
private companies to offer education and training in skilled and
craft labor. For example, Progress Energy recently awarded a
$60,000 grant to Florence-Darlington Technical College's Advanced
Welding and Cutting Center, and New Jersey-based PSEG piloted an
entry-level technical-trade program at Mercer County Community
College that provides training and education.
To be fair, some subsidies are teed up for new nuclear plants.
The Energy Policy Act of 2005 authorized a handful that would help
about the first five or six plants (as well as a host of other
energy technologies). But even if these did "kick-start" the
re-emergence of nuclear power in the U.S., they are not driving
this industry-wide growth. These investments are toward something
much larger.
They are the result of basic economics. There is growing demand
for clean, affordable, reliable energy. Nuclear addresses each. It
emits nothing into the atmosphere, and all of its waste is easily
contained. Though its capital costs are high (like most other power
projects), its operating cost are low, which means that it's very
affordable over time. And unlike wind and solar, which produce
energy only when the wind blows or the sun shines, nuclear power
plants produce lots of energy 24/7.
That's why no new subsidies are needed for nuclear energy (or
any other energy, for that matter). The Energy Policy Act is doing
its job. The industry is clearly moving now. The government doesn't
have to worry about ponying up more money. America's private sector
is on the job.
Jack Spencer
is a research fellow in nuclear energy at the Heritage
Foundation.