Indiana joins the SMR bandwagon
The state's House and Senate are considering several bills to incentivize nuclear industry.
Add Indiana to the list of states jumping on the nuclear energy bandwagon.
Earlier this month, the Indiana Senate passed two bills that will help utility companies with the financial burden of building small modular reactors (SMRs). These bills are among several proposals from state lawmakers this year aimed at ensuring artificial intelligence data centers in the Hoosier State have the substantial power supply they require, according to an article in Broadband Breakfast.
The first bill established a nuclear reactor pilot program and gave utility companies the opportunity to partner with certain groups to help with reactor construction projects. The second bill will help investor-owned electric utilities subsidize nuclear reactor development for companies.
Separately, Indiana Capital Chronicle has reported that the state’s Republicans in the House are pushing a measure that creates a 20 percent tax credit for manufacturers of SMRs. Among the provision of House Bill 1007 is an expedited approval process for large-load projects, like data centers, and a requirement that utilities talk to regulators about the power demands of those big customers.
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