Mentioned:
One of the largest utility companies in America is preparing for something new: small modular reactors.
What’s happening:
- Duke Energy (NYSE: DUK) has officially submitted a early site permit application to the United States Nuclear Regulatory Commission for their Belews Creek site located in Stokes County, North Carolina
Why it matters:
- Duke Energy has publicly stated they plan to explore deploying small modular reactors to generate nuclear power at Belews Creek
Going deeper:
- The Belews Creek site is currently in production as a coal and natural gas facility owned and operated by Duke Energy
- Duke Energy has also publicly stated that if they build small modular reactors at Belews Creek they expect to be able to produce 600 megawatts of nuclear power annually over the next decade
