San Antonio's CPS Energy CEO advocates for nuclear investment and state incentives

During a recent meeting of the Texas Senate Committee on Business and Commerce, discussions centered on the future of nuclear energy in Texas, highlighting the potential for federal support and the role of state investment in advancing this energy source.

A key focus was the U.S. Department of Energy's (DOE) Advanced Reactor Demonstration Program, which offers funding that could cover up to 50% of costs for nuclear projects, contingent on appropriations. This funding is seen as crucial for the development of advanced nuclear technologies, which proponents argue are essential for meeting Texas's growing energy demands while maintaining low carbon emissions.

CPS Energy CEO Rudy Garza emphasized the importance of diversifying energy sources, noting that nuclear power is a reliable and low-carbon option. He pointed out that without state or federal intervention, building new nuclear reactors may not be feasible. Garza advocated for a proactive approach to integrating nuclear energy into Texas's energy mix, stressing the urgency of addressing energy needs sooner rather than later.

The meeting also featured insights from industry representatives, including Nick Morris from Shepherd Power and Rodney Chaplin from Repro Power. Morris highlighted the potential for nuclear energy to serve the needs of the oil and gas sector, while Chaplin underscored Texas's unique position to lead in the global nuclear supply chain due to its existing industrial infrastructure and workforce.

As the committee continues to explore the future of energy in Texas, the discussions reflect a growing recognition of nuclear power's role in achieving energy security and sustainability. The outcomes of these deliberations could significantly impact the state's energy landscape, shaping policies that prioritize both innovation and environmental responsibility.