Got this blurb from a friend in the energy industry. He did not send a source:
Texas is experiencing a renewed interest in nuclear power due to several key factors:
1. Growing Electricity Demand
The state’s rapid population growth and the expansion of energy-intensive industries, such as AI-driven data centers, have significantly increased electricity consumption. For instance, the ongoing AI boom has led to a surge in data centers, with 10 new facilities under construction in Abilene, Texas, as part of the $500 billion Stargate project—a collaboration between OpenAI, SoftBank, and Oracle. This growth is likely to increase demand for homes, mainly in areas around Dallas-Fort Worth and Abilene. The rising property demand could drive up home prices as the influx of workers in construction and IT industries surges. However, concerns about whether the Texas energy grid, which is independent and avoids federal regulations, can keep up with the increased demand persist.
2. Advancements in Nuclear Technology
Modern nuclear technologies, such as small modular reactors (SMRs) and microreactors, offer safer, more efficient, and scalable solutions compared to traditional nuclear plants. These reactors are designed to be more cost-effective and quicker to deploy, making them suitable for both industrial applications and grid support. For example, Last Energy, a startup based in Washington D.C., plans to construct 30 micro nuclear power plants north of Abilene, Texas, to cater to the increasing electricity demand from data centers. The first reactor is expected to be operational by the end of 2029.
3. State Policy and Strategic Planning
In November 2024, Governor Greg Abbott and the Public Utility Commission of Texas released a comprehensive report outlining strategies to position Texas as a leader in advanced nuclear energy. The report recommends establishing a Texas Advanced Nuclear Energy Authority to coordinate the state’s nuclear vision, implementing policy recommendations, and managing state nuclear incentive programs. Additionally, it suggests designating a Texas Nuclear Permitting Officer to assist developers in navigating the complex permitting process for advanced nuclear projects.
4. Economic and Environmental Considerations
Nuclear power offers a low-carbon energy source that can help Texas meet its environmental goals while supporting economic development. Companies like Dow are exploring the use of advanced nuclear reactors to power their manufacturing complexes, aiming to reduce greenhouse gas emissions significantly. Dow’s subsidiary, Long Mott Energy, has applied for a construction permit to build next-generation nuclear reactors at its Seadrift plant, targeting a reduction of roughly 500,000 metric tons of emissions annually.
5. Leveraging Natural Resources
Texas possesses substantial uranium reserves, accounting for 8% of total domestic reserves. This abundance positions the state advantageously to support a robust nuclear energy sector, reducing reliance on external sources and fostering energy independence.
In summary, the combination of increasing energy demands, technological advancements, supportive state policies, economic and environmental benefits, and rich natural resources is fueling Texas’s renewed interest in nuclear power.