Biden launches $6bn effort to save America’s distressed nuclear plants

Officials say nuclear energy remains vital as carbon-free source of power to help tackle the climate crisis

The Biden administration is launching a $6bn effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change.

On Tuesday, a certification and bidding process opened for a civil nuclear credit program that is intended to bail out financially distressed owners or operators of nuclear power reactors, the US energy department told the Associated Press exclusively, shortly before the official announcement. It's the largest federal investment in saving financially distressed nuclear reactors.