New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor
Constellation (CEG) and the New York State Energy Research and Development Authority (NYSERDA) have partnered on a grant proposal to the U.S. Department of Energy to support obtaining an early site permit for advanced nuclear reactors at the Nine Mile Point Clean Energy Center in Oswego, New York.
The initiative aligns with Governor Hochul's 2025 State of the State address, which calls for a master plan for responsible advanced nuclear development in New York. Currently, nuclear energy produces more than 20% of New York's energy, with Constellation's three upstate facilities generating nearly half of the state's clean electricity.
NYSERDA's cost share funding represents a important step in evaluating the feasibility of new nuclear development in New York. If approved, the DOE funding would support pursuing an early site permit at Nine Mile Point, valid for 10-20 years. The DOE's decision on awardees is expected in early summer. Additionally, New York will lead a multi-state Consortium on Nuclear Energy focused on cost reduction and risk-sharing.
Constellation (CEG) e l'Autorità per la Ricerca e lo Sviluppo Energetico dello Stato di New York (NYSERDA) hanno collaborato a una proposta di grant per il Dipartimento dell'Energia degli Stati Uniti per supportare l'ottenimento di un permesso per il sito anticipato per reattori nucleari avanzati presso il Centro di Energia Pulita di Nine Mile Point a Oswego, New York.
L'iniziativa è in linea con il discorso sullo Stato dello Stato 2025 del Governatore Hochul, che chiede un piano maestro per lo sviluppo responsabile dell'energia nucleare avanzata a New York. Attualmente, l'energia nucleare produce oltre il 20% dell'energia dello Stato di New York, con le tre strutture di Constellation nell'upstate che generano quasi metà dell'elettricità pulita dello Stato.
Il finanziamento per la condivisione dei costi da parte di NYSERDA rappresenta un passo importante nella valutazione della fattibilità di un nuovo sviluppo nucleare a New York. Se approvato, il finanziamento del DOE supporterebbe la richiesta di un permesso anticipato per il sito a Nine Mile Point, valido per 10-20 anni. Si prevede che la decisione del DOE sugli assegnatari avverrà all'inizio dell'estate. Inoltre, New York guiderà un Consorzio multi-stato sull'Energia Nucleare focalizzato sulla riduzione dei costi e sulla condivisione dei rischi.
Constellation (CEG) y la Autoridad de Investigación y Desarrollo Energético del Estado de Nueva York (NYSERDA) se han asociado en una propuesta de subvención al Departamento de Energía de EE. UU. para apoyar la obtención de un permiso de sitio anticipado para reactores nucleares avanzados en el Centro de Energía Limpia de Nine Mile Point en Oswego, Nueva York.
La iniciativa se alinea con el discurso sobre el Estado del Gobernador Hochul para 2025, que pide un plan maestro para el desarrollo responsable de la energía nuclear avanzada en Nueva York. Actualmente, la energía nuclear produce más del 20% de la energía de Nueva York, y las tres instalaciones de Constellation en el norte del estado generan casi la mitad de la electricidad limpia del estado.
El financiamiento compartido de costos de NYSERDA representa un paso importante en la evaluación de la viabilidad de un nuevo desarrollo nuclear en Nueva York. Si se aprueba, el financiamiento del DOE apoyaría la búsqueda de un permiso de sitio anticipado en Nine Mile Point, válido por 10-20 años. Se espera que la decisión del DOE sobre los beneficiarios se haga en el verano. Además, Nueva York liderará un Consorcio de múltiples estados sobre Energía Nuclear enfocado en la reducción de costos y el reparto de riesgos.
컨스텔레이션 (CEG)과 뉴욕주 에너지 연구 개발청(NYSERDA)은 뉴욕 오스웨고에 있는 나인 마일 포인트 클린 에너지 센터에서 고급 원자로를 위한 조기 부지 허가를 지원하기 위해 미국 에너지부에grant 제안서를 제출하기 위해 협력했습니다.
이 계획은 호컬 주지사의 2025년 주 연설과 일치하며, 뉴욕에서 책임 있는 고급 원자력 개발을 위한 종합 계획을 요구합니다. 현재 원자력은 뉴욕의 전체 에너지의 20% 이상을 생산하며, 컨스텔레이션의 북부 시설 3곳이 주의 청정 전력의 거의 절반을 생성하고 있습니다.
NYSERDA의 비용 분담 자금 확보는 뉴욕에서의 새로운 원자력 개발 가능성 평가에 있어 중요한 단계입니다. 승인된다면 DOE 자금은 나인 마일 포인트에서의 조기 부지 허가를 추구하는 데 지원될 것이며, 이 허가는 10-20년 유효합니다. DOE의 수혜자 결정은 여름 초에 있을 것으로 예상됩니다. 또한 뉴욕은 비용 절감 및 위험 분담에 중점을 둔 다주 간 원자력 에너지 컨소시엄의 리더가 될 것입니다.
Constellation (CEG) et l'Autorité de Recherche et de Développement Énergétique de l'État de New York (NYSERDA) ont collaboré sur une proposition de subvention au Département de l'Énergie des États-Unis pour soutenir l'obtention d'un permis de site précoce pour les réacteurs nucléaires avancés au Centre d'Énergie Propre de Nine Mile Point à Oswego, New York.
Cette initiative s'inscrit dans le discours sur l'État du Gouverneur Hochul de 2025, qui appelle à un plan directeur pour un développement responsable de l'énergie nucléaire avancée à New York. Actuellement, l'énergie nucléaire produit plus de 20 % de l'énergie de New York, avec les trois installations de Constellation dans le nord de l'État générant près de la moitié de l'électricité propre de l'État.
Le financement de partage des coûts par le NYSERDA représente une étape importante dans l'évaluation de la faisabilité d'un nouveau développement nucléaire à New York. Si approuvé, le financement du DOE soutiendrait la demande d'un permis de site précoce à Nine Mile Point, valable pendant 10 à 20 ans. La décision du DOE concernant les bénéficiaires est attendue au début de l'été. De plus, New York dirigera un consortium multi-états sur l'énergie nucléaire axé sur la réduction des coûts et le partage des risques.
Constellation (CEG) und die New Yorker Behörde für Energieforschung und -entwicklung (NYSERDA) haben sich zusammengeschlossen, um einen Förderantrag an das US-Energieministerium zu stellen, um eine frühzeitige Genehmigung für den Standort fortgeschrittener Nuklearreaktoren im Nine Mile Point Clean Energy Center in Oswego, New York, zu unterstützen.
Diese Initiative steht im Einklang mit der Rede des Gouverneurs Hochul zur Lage des Bundesstaates 2025, die einen Masterplan für eine verantwortungsvolle Entwicklung fortschrittlicher Kernenergien in New York fordert. Derzeit erzeugt die Kernenergie mehr als 20 % der Energie New Yorks, wobei die drei Anlagen von Constellation im Norden des Staates fast die Hälfte des sauberen Stroms des Staates erzeugen.
Die Kostenbeteiligungsfinanzierung von NYSERDA stellt einen wichtigen Schritt zur Bewertung der Machbarkeit neuer Kernkraftentwicklungen in New York dar. Wenn genehmigt, würde die Finanzierung des DOE die Beantragung einer frühen Standortgenehmigung bei Nine Mile Point unterstützen, die 10-20 Jahre gültig ist. Die Entscheidung des DOE über die Förderempfänger wird für den frühen Sommer erwartet. Darüber hinaus wird New York ein multi-staatliches Konsortium über Kernenergie leiten, das sich auf Kostenreduzierung und Risikoteilung konzentriert.
- Partnership with NYSERDA strengthens chances for DOE grant approval
- Strong government support for nuclear expansion in New York
- Potential for new revenue stream through advanced nuclear reactor development
- Strategic positioning in growing clean energy market
- Long timeline for permit approval and implementation (10-20 years)
- Significant regulatory hurdles and uncertainty in DOE grant approval
- High capital requirements for nuclear development
Insights
New York's strategic pivot towards advanced nuclear development marks a pivotal shift in state-level energy policy. The partnership between NYSERDA and Constellation for the DOE grant proposal represents a calculated move to secure early-stage nuclear development rights at Nine Mile Point. The state's multi-state Consortium initiative signals a broader regional approach to nuclear development, potentially creating economies of scale that could significantly reduce development costs.
The timing aligns with increasing grid reliability concerns and rising electricity demand. With nuclear currently providing 20% of New York's energy, this expansion could substantially boost baseload clean power capacity. The early site permit's 10-20 year validity period provides important flexibility for phased development approaches, allowing for adaptation to evolving technologies and market conditions.
For investors, this development reduces regulatory uncertainty and demonstrates strong state-level support, potentially de-risking future nuclear investments. The cost-sharing arrangement with NYSERDA effectively reduces capital burden and could improve project economics substantially.
The pursuit of an early site permit (ESP) at Nine Mile Point is strategically significant. The existing nuclear infrastructure and operational experience at the site substantially reduces development complexity and costs. The ESP process typically costs $10-15 million, but having NYSERDA's support through cost-sharing meaningfully reduces Constellation's financial exposure.
Nine Mile Point's selection is particularly advantageous due to its existing grid connections, cooling water access and community acceptance of nuclear operations. The site's current operations provide a skilled workforce base - important for advanced reactor deployment. The multi-state consortium approach mirrors successful models used in France and South Korea, where standardization and shared expertise led to cost-effective nuclear deployment.
This development positions Constellation favorably in the race to deploy advanced nuclear technologies, with potential first-mover advantages in the Northeast market. The state's commitment to nuclear as a clean energy solution provides important policy stability for long-term investment decisions.
In her 2025 State of the State address, Governor Hochul calls for a master plan for responsible advanced nuclear development in
“We appreciate the governor's leadership and New York’s ongoing support for nuclear energy, which produces more than
If granted, the DOE funding would be used to pursue an early site permit at Nine Mile Point. An early site permit from the NRC approves a site for future development of a nuclear power plant. The permit is valid for 10 to 20 years, and the company can apply for a construction and operating license at any time during the permit period.
Decisions from DOE on the awardees are expected in early summer.
In further support of new nuclear development,
About Constellation
A Fortune 200 company headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250115210992/en/
Paul
Constellation Communications
667-218-7700
paul.adams@constellation.com
Source: Constellation
FAQ
What is the purpose of Constellation's (CEG) DOE grant proposal with NYSERDA?
How much of New York's energy does Constellation's (CEG) nuclear facilities currently produce?
When will the DOE announce its decision on Constellation's (CEG) grant proposal?
How long would the early site permit be valid if Constellation (CEG) receives approval?
What new initiative is New York launching regarding nuclear energy development?
