Nuclear Back in Style?

May 15, 2008

There have been no new nuclear power plants built in the United States since the accident at Three Mile Island in 1979. But will they start popping up now that folks have finally caught on to the energy crisis?

Not exactly, according to a ChangeWave survey of energy industry professionals.

Political resistance to nuclear energy is the key barrier holding up construction, reported 44% of respondents. This factor was cited nearly three times more than the issues of nuclear waste disposal or cost.

However, the politics of nuclear energy may be changing.

Several states have already allocated or are in the process of allocating funding for nuclear power projects. And the U.S. Nuclear Regulatory Commission said it expects to see more than 20 new applications for nuclear plants during the next two years.

According to industry respondents, the first new U.S. nuclear facility won't start construction for about another four years.

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Paul Carton is the Research Director of the ChangeWave Alliance. Jim Woods is ChangeWave's Senior Editor. The Alliance is a network of 15,000 highly qualified business, technology and medical professionals in leading companies of select industries. The Alliance is surveyed weekly on a wide range of business and investment research and intelligence topics.