Implications of Inflation Reduction Act Tax Credits for Advanced Nuclear Energy
Marc Chupka, Judi Greenwald, Victor Ibarra Jr. & Jeffrey D. Brown |

This paper focuses the impact of the new Inflation Reduction Act clean electricity tax credits on new nuclear energy projects, using the same tools developed for an initial 2021 NIA analysis. The results show that the current IRA tax credits effectively reduce the costs of electricity produced by advanced nuclear projects, both for first-of-a-kind and nth-of-a-kind projects, which will enable advanced nuclear reactors to compete effectively with other clean and firm generation options.