EconomyLens.com
No Result
View All Result
Thursday, July 3, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

New York state to build nuclear power plant

Andrew Murphy by Andrew Murphy
June 23, 2025
in Economy
Reading Time: 4 mins read
A A
1
47
SHARES
589
VIEWS
Share on FacebookShare on Twitter

New York Governor Kathy Hochul unveiled plans to build a new nuclear power plant in upstate New York. ©AFP

New York (AFP) – New York Governor Kathy Hochul announced plans Monday to build a nuclear power facility, enlisting a state agency for the first major new US nuclear construction since 2009. Hochul tapped the New York Power Authority to develop a nuclear plant with combined capacity of at least one gigawatt of electricity, according to a New York state press release.

Related

Trump close to victory on flagship tax bill

US hiring beats expectations in June despite tariff worries

US House close to final vote on Trump tax bill

Strike by French air traffic controllers disrupts summer travel

Ethiopia’s mega dam on the Nile ‘now complete’: PM

The project is targeted for upstate New York where Hochul, in a speech unveiling the plan, described several communities as being receptive because they “know these are good paying, long-term jobs.” The move comes amid a revival in nuclear energy investments prompted in large part by large technology companies targeting the energy form as a source to fuel massive artificial intelligence data centers. Hochul referenced recent nuclear investments by tech giants Google, Amazon, and Microsoft during her announcement.

But she also tied the push to affordability concerns after a 2021 decision to permanently close a nuclear plant in Westchester County crimped supply. Hochul acknowledged that some residents had questions about safety but expressed confidence in “21st century nuclear design.” She said, “My friends, it’s coming and it’s back and if we don’t jump on, or lead this, they’re going to pass us by. These companies will go elsewhere.”

Energy companies have struggled to add nuclear capacity in the United States since a 1979 meltdown at Three Mile Island in Pennsylvania. However, in a sign of the shifting economic calculus around nuclear energy, the utility company Constellation, working with Microsoft, last year announced plans to reopen the facility due to the AI push.

President Donald Trump last month signed an executive order to “reinvigorate” US nuclear energy, including by speeding up the building of new reactors and boosting domestic mining and enrichment of uranium. But Hochul said Trump will still need to take action to streamline federal permit issuance because getting US approval for nuclear plants can take 10 years or more. “I said it to the president. If you want energy dominance, I want energy dominance,” Hochul said. “This is how we do it.”

© 2024 AFP

Tags: clean energyenergynuclear energy
Share19Tweet12Share3Pin4Send
Previous Post

Eurozone business activity almost flat again in June

Next Post

Oil prices tumble as markets shrug off Iranian rebuttal to US

Andrew Murphy

Andrew Murphy

Related Posts

Economy

Strike by French air traffic controllers disrupts summer travel

July 3, 2025
Economy

Japan plans ‘world first’ deep-sea mineral extraction

July 3, 2025
Economy

US-Vietnam trade deal sows new China uncertainty

July 3, 2025
Economy

Drought-hit Morocco turns to desalination to save vegetable bounty

July 2, 2025
Economy

UK govt backs finance minister after tears in parliament

July 2, 2025
Economy

Public or private? Funding debate splits reeling aid sector

July 2, 2025
Next Post

Oil prices tumble as markets shrug off Iranian rebuttal to US

Better than gold: how Ecuador cashed in on surging cocoa prices

Asian stocks up as Trump announces Iran-Israel ceasefire

Virgin Australia surges in market comeback

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US stocks back at records as oil prices rally

July 3, 2025

UK’s Starmer backs finance minister after tears in parliament

July 3, 2025

Tesla reports lower car sales, extending slump

July 3, 2025

Strike by French air traffic controllers disrupts summer travel

July 3, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.