Image: Plant Vogtle
This week, a utility company in Georgia announced that it has achieved self-sustaining fission in one of its new nuclear reactors. The breakthrough means the reactor, which was constructed as part of a $30+ billion facility near Augusta, Georgia, will be able to start generating enough electricity to power a quarter-million homes and businesses by April or June of this year.
🤔 Why use nuclear energy?... Fission reactors – not to be confused with fusion reactors, which combine atoms instead of splitting them and are still a ways away from being commercially viable – can be used to generate electricity without emitting any carbon dioxide as a by-product.
The idea is that by replacing fossil fuel-based power plants with fission reactors, America could sharply reduce the amount of CO2 that’s emitted by its electricity industry, which collectively accounts for ~30% of all US emissions.
🔀 On the flip side: Critics of nuclear fission cite a range of downsides, including extremely high building and operating costs (sometimes more than 15x original forecasts), as well as challenges in the disposal of radioactive waste.
📸 Big picture: Nuclear fission reactors have provided around 20% of America’s electricity needs every year dating back to 1996, the last time a new US-made reactor went online.
📊 Flash poll: In general, how do you feel about using nuclear energy as a source of electricity in the US?
🏛️📱 The doomsday clock keeps ticking closer to midnight for TikTok. A bipartisan group of 12 senators introduced a bill yesterday that would allow the executive branch to ban certain foreign-based technologies if they’re found to pose a threat to America’s national security.
🔴🔵 We’re more than a year and a half away from the next presidential election. But 2024 is starting to come into focus, thanks to new polling data published in recent weeks.
✍️ President Biden is getting the pen ready to sign the first veto of his presidency in the coming days. Per the White House, it’ll be used on a measure that would’ve reversed a law allowing US retirement plan managers to direct their clients’ investments based on ESG considerations.
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