This report summarizes insights from a series of workshops conducted by The Nuclear Innovation Alliance (NIA) under Chatham House rules in 2023 and early 2024 to identify the factors inhibiting commitments to advanced nuclear energy projects and potential steps to accelerate such commitments. Through these workshops, we found that key factors holding back further commitments include the uncertainty in the ultimate project cost and the long and expensive development process for nuclear energy projects, including licensing. We identified potential actions by private-sector actors, the U.S. Department of Energy (DOE), and Congress to accelerate commitments to additional advanced nuclear energy projects by reducing and sharing risks facing early mover projects.
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