{"id":801143,"date":"2025-01-15T10:52:04","date_gmt":"2025-01-15T15:52:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-york-joins-constellation-in-pursuit-of-energy-department-funding-for-advanced-nuclear-reactor\/"},"modified":"2025-01-15T10:52:04","modified_gmt":"2025-01-15T15:52:04","slug":"new-york-joins-constellation-in-pursuit-of-energy-department-funding-for-advanced-nuclear-reactor","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-york-joins-constellation-in-pursuit-of-energy-department-funding-for-advanced-nuclear-reactor\/","title":{"rendered":"New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor"},"content":{"rendered":"

<\/p>\n

New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor<\/b><\/p>\n

In her 2025 State of the State address, Governor Hochul calls for a <\/i>master plan for responsible advanced nuclear development in New York<\/i><\/p>\n

BALTIMORE–(BUSINESS WIRE<\/a>)–
\nConstellation (Nasdaq: CEG), the nation\u2019s largest producer of clean energy, commends the State of New York\u2019s newly unveiled policies aimed at expanding the deployment of advanced nuclear energy to reach its goal of providing abundant, clean, reliable and affordable electricity for all New Yorkers. The New York State Energy Research and Development Authority (NYSERDA) has joined Constellation on a grant proposal to the U.S. Department of Energy (DOE) to support the company\u2019s efforts to seek an early site permit from the Nuclear Regulatory Commission for one or more advanced nuclear reactors at the Nine Mile Point Clean Energy Center in Oswego, New York.<\/p>\n

\n\u201cWe appreciate the governor’s leadership and New York\u2019s ongoing support for nuclear energy, which produces more than 20% of the state\u2019s energy, supporting millions of households and businesses and employing thousands of hardworking women and men in family-sustaining jobs,\u201d said Joe Dominguez, Constellation\u2019s president and CEO. \u201cConstellation has previously worked with NYSERDA to develop leading clean hydrogen production and fuel cell technologies using nuclear power. Now, NYSERDA and Constellation are once again joining together with a commitment to explore advanced nuclear energy technologies and continue the meaningful progress toward New York\u2019s clean energy and economic development goals.\u201d<\/p>\n

\nNew York has already demonstrated leadership in supporting the continued operation of Constellation\u2019s three upstate nuclear facilities, which produce nearly half the state\u2019s clean electricity. NYSERDA\u2019s cost share funding is a critical first step in helping to determine whether new nuclear can become a reality in New York, creating thousands of jobs and helping the state achieve its clean energy and reliability goals at a time of growing electricity demand.<\/p>\n

\nIf granted, the DOE funding would be used to pursue an early site permit at Nine Mile Point. An early site permit from the NRC approves a site for future development of a nuclear power plant. The permit is valid for 10 to 20 years, and the company can apply for a construction and operating license at any time during the permit period.<\/p>\n

\nDecisions from DOE on the awardees are expected in early summer.<\/p>\n

\nIn further support of new nuclear development, New York has announced that it will help lead a multi-state Consortium on Nuclear Energy focused on driving down costs and risk-sharing.<\/p>\n

About Constellation<\/b><\/p>\n

\nA Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (Nasdaq: CEG) is the nation\u2019s largest producer of clean, emissions-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation\u2019s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation\u2019s clean energy. We are further accelerating the nation\u2019s transition to a carbon-free future by helping our customers reach their sustainability goals, setting our own ambitious goal of achieving 100% carbon-free generation by 2040, and by investing in promising emerging technologies to eliminate carbon emissions across all sectors of the economy. Follow Constellation on LinkedIn<\/a> and X<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250115210992\/en\/<\/a><\/span><\/p>\n

\nPaul Adams
\n
Constellation Communications
\n
667-218-7700
\n
paul.adams@constellation.com<\/a><\/p>\n

KEYWORDS:<\/b> New York Maryland United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Alternative Energy Energy Nuclear Other Energy Utilities<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor In her 2025 State of the State address, Governor Hochul calls for a master plan for responsible advanced nuclear development in New York BALTIMORE–(BUSINESS WIRE)– Constellation (Nasdaq: CEG), the nation\u2019s largest producer of clean energy, commends the State of New York\u2019s newly unveiled policies aimed at expanding the deployment of advanced nuclear energy to reach its goal of providing abundant, clean, reliable and affordable electricity for all New Yorkers. The New York State Energy Research and Development Authority (NYSERDA) has joined Constellation on a grant proposal to the U.S. Department of Energy (DOE) to support the company\u2019s efforts to seek an early site permit from the … <\/p>\n

Continue reading “New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-801143","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNew York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-york-joins-constellation-in-pursuit-of-energy-department-funding-for-advanced-nuclear-reactor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor In her 2025 State of the State address, Governor Hochul calls for a master plan for responsible advanced nuclear development in New York BALTIMORE–(BUSINESS WIRE)– Constellation (Nasdaq: CEG), the nation\u2019s largest producer of clean energy, commends the State of New York\u2019s newly unveiled policies aimed at expanding the deployment of advanced nuclear energy to reach its goal of providing abundant, clean, reliable and affordable electricity for all New Yorkers. 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