Nuclear Innovation Alliance Executive Director Judi Greenwald issued the following statement on the release of the Energy Sector Innovation Credit Act (ESIC):
“We are encouraged by the leadership of Senators Crapo, Whitehouse, Barasso, Bennet, Risch, and Hickenlooper in introducing technology-inclusive tax credit legislation to promote innovation in clean energy technology. Representatives Reed and Panetta have introduced identical legislation in the House.
"The Energy Sector Innovation Credit Act (ESIC) would catalyze private sector innovation to reach national decarbonization and clean energy goals. Particularly, the legislation would accelerate the commercialization of early stage technologies like advanced reactors. Advanced nuclear innovators can benefit from the opportunity to choose from flexible tax credit options that best fit their technology and business model.”