NuScale's Modular Reactor Design About to Get a Green Light From NRC

Inflation Reduction Act passes through Senate, bringing $369 billion in investments to combat climate change; New Fortress Energy and Plug Power to build 120MW green H2 plant in TX; Long Ridge Energy project successfully tests new hydrogen-methane blending process for 485MW Ohio power plant in Ohio; NW Natural teams w/Seattle-based Modern Electron on pilot H2 project using high temp pyrolysis tech; Nuclear Regulatory Commission to OK NuScale's 50MW small modular nuclear reactor design; 17 states, D.C., and Quebec, agree to action plan for 100% electrification of medium & heavy-duty vehicles by 2050; Amazon begins deliveries using new Rivian Electric Delivery Vehicle in multiple cities; Chinese electric car maker NIO announces first vehicle this winter w/150kWh semi-solid state batteries, offering 600+ miles of range; MISO's board approves $10.3 billion transmission plan w/18 projects to help w/reliability and more access to low-cost renewables.

1) The Senate approves the Inflation Reduction Act, with $369 billion in investments for a clean energy economy.

2) New Fortress Energy and Plug Power plan to develop a 120MW green hydrogen plant in Texas, yielding over 50 tons of H2 daily, and potentially scaling to nearly 500 MW.

3) Long Ridge Energy project successfully tests new hydrogen-methane blending process to supply 485MW power plant in Hannibal, Ohio. Plant is first to commercially deploy GE H-class turbine - burning a 5% H2 mix and delivering to PJM grid.

4) Gas utility NW Natural announces plans for pilot project w/Seattle-based Modern Electron to produce hydrogen using pyrolysis to split CH4 methane into hydrogen and carbon atoms.

5) Nuclear Regulatory Commission will approve NuScale's 50MW small modular nuclear reactor design. NuScale says it has "18 signed and active MOUs with potential customers in 11 countries." First U.S. installation slated for 2029 at the US DOE's Idaho National Laboratory.

6) 17 states, plus Washington DC and Quebec sign onto action plan for 100% electric medium and heavy-duty vehicles by 2050, calling for: more charging infrastructure, fleet owners to submit data concerning EV use, and state subsidies to address purchase cost differentials.

7) Amazon begins deliveries using its new Rivian Electric Delivery Vehicle in cities such as Baltimore, Chicago, Nashville, and others. The plan is to deploy thousands in over a hundred cities by year's end and 100,000 vehicles by 2030.

8) Chinese electric car maker NIO announces first vehicles in Q4 w/150kWh semi-solid-state batteries and 600+ miles of range.

9) MISO's board approves $10.3 billion transmission plan w/18 projects supporting up to 53,000 MW of wind, solar, batteries, and hybrid projects. Resource adequacy a growing issue in MISO, and transmission will help.