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Today, TerraPower President and CEO Chris Levesque issued the following statement of support for the proposed Inflation Reduction Act of 2022.

“The Inflation Reduction Act of 2022 outlines a historic investment in our clean energy future. Among the $369 billion in climate and energy investments are multiple provisions that support new and existing nuclear energy. This bill will further solidify the commitment from the federal government to support advanced nuclear energy, understanding its role as part of a suite of technologies to help our country meet climate targets.   

The act importantly includes funding for domestic high-assay low enriched uranium (HALEU) production. TerraPower has been committed to advancing the domestic HALEU supply chain through investments on multiple fronts. I encourage Congress to swiftly support this legislation. The U.S. needs immediate investment in the domestic HALEU supply chain in order to commercialize the next generation of nuclear reactors that are a vital piece in our carbon-free future.”