Description

CLICK HERE TO REGISTER

Power purchase agreements play a key role in clean energy development, including new nuclear development. Federal agencies such as DOE, DOD and GSA can assist the emergence of new technologies such as advanced reactors and existing technologies such as wind, power and geothermal development by purchasing the power as the federal government is largest purchaser of power in the United States. A key for federal agencies includes the legal authority, the process and the political will to support these power purchases.

Join ECA's webinar on June 27 to hear from experts on how DOE and other federal agencies can assist advanced reactor and other clean energy development by purchasing power from these projects through utilities and the developers, the lessons learned from years of federal power purchase projects, and what ideas exist to for federal agencies to be the catalyst for energy development through power purchases.

Congressional Research Service (CRS) identified, “Federal agency agreements to purchase power from advanced reactors could substantially improve the financial feasibility of such projects, both at the demonstration and commercialization stages. Such power purchase agreements (PPAs) would provide a projected revenue stream that could help advanced reactor projects obtain financing and potentially reduce their financing costs. Federal agencies could also offer above-market prices for the power to encourage commercialization of nuclear technologies, if authorized by Congress.”

Speakers will be announced in the coming weeks. Zoom information will be provided before the event.

Please contact Dylan Kama, ECA Program Director, with any questions at dylank@energyca.org.

Additional resources about power purchase agreements:

• Small Modular Reactors: Adding to Resilience at Federal Facilities
• The Pathway To: Advance Nuclear Commercial Liftoff
• Roadmap to Implementing Climate and Resilience Goals: Federal Agency Solutions