Fission for the Future Act of 2022

To require the Secretary of Energy to establish a program to provide Federal financial assistance to support advanced nuclear reactors and associated supply chain infrastructure, and for other purposes. 1. Short title This Act may be cited as the Fission for the Future Act of 2022 2. Advanced Nuclear Technologies Federal Financial Assistance Program (a) Definitions In this section: (1) Advanced nuclear reactor The term advanced nuclear reactor 42 U.S.C. 16271(b) (2) Electric utility The term electric utility 16 U.S.C. 796 (3) Eligible entity The term eligible entity (A) a State; (B) an Indian Tribe (as defined in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 5304 (C) a Tribal Organization (as defined in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 5304 (D) a unit of local government; (E) an electric utility; (F) a National Laboratory; (G) an institution of higher education; and (H) a private entity specializing in— (i) advanced nuclear technology development; (ii) nuclear supply chains; or (iii) with respect to nuclear technologies and nonelectric applications of nuclear technologies, construction, project financing, contract structuring and risk allocation, or regulatory and licensing processes. (4) Institution of higher education The term institution of higher education 20 U.S.C. 1001(a) (5) National Laboratory The term National Laboratory 42 U.S.C. 15801 (6) Program The term program (7) Secretary The term Secretary (b) Establishment of program (1) In general The Secretary shall establish a program to provide Federal financial assistance to eligible entities to support the commercial planning, licensing, development, and construction, and construction planning, of— (A) advanced nuclear reactors for the purpose of enhancing grid resilience, reliability, and security while also seeking to reduce emissions; or (B) supply chain infrastructure associated with advanced nuclear reactors or related technologies. (2) Competitive procedures To the maximum extent practicable, the Secretary shall carry out the program using a competitive, merit-based review process that is consistent with section 989 of the Energy Policy Act of 2005 ( 42 U.S.C. 16353 (c) Applications An eligible entity desiring Federal financial assistance under the program shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require. (d) Selection (1) In general In selecting eligible entities to receive Federal financial assistance under the program, the Secretary shall give special consideration to projects— (A) to develop or provide services to support— (i) market analysis; (ii) project structure models; (iii) models for electricity market analysis; (iv) nonelectric applications; (v) financial models; (vi) analysis, planning, and, as appropriate, management of environmental issues at fossil fuel electric generation facilities that are retired or scheduled to retire; and (vii) site planning, review, testing, analysis, and preparation; (B) to support licensing activities, permitting, and environmental impact studies; and (C) for— (i) (I) the construction planning of advanced nuclear reactors; and (II) related— (aa) planning and construction of transmission and distribution systems; (bb) modernization of generation facilities; (cc) development of microgrids; and (dd) supply chain infrastructure; (ii) infrastructure for nonelectric applications; and (iii) acquisition of relevant rights-of-way. (2) Priority In selecting eligible entities to receive Federal financial assistance under the program, the Secretary shall give priority to eligible entities that— (A) plan to carry out projects at or near the site of 1 or more fossil fuel electric generation facilities that are retired or scheduled to retire, including multi-unit facilities that are partially shut down— (i) to reduce the cost of— (I) infrastructure requirements; (II) transmission requirements; and (III) licensing and permitting requirements; (ii) to support the productive reuse of fossil fuel electric generation facilities that are retired or scheduled to retire; and (iii) to sustain and revitalize communities impacted by the closure of fossil fuel electric generation facilities; (B) plan to support nonelectric applications, including supplying heat for— (i) energy storage; (ii) hydrogen or other liquid and gaseous fuel or chemical production; (iii) industrial processes; (iv) desalination technologies and processes; (v) isotope production; (vi) district heating; and (vii) other applications, as the Secretary determines to be appropriate; (C) plan to support supply chain infrastructure, including manufacturing, associated with advanced nuclear reactors or related technologies; (D) have implemented or demonstrated the ability to successfully implement workforce training or retraining programs to train workers to perform activities described in this section; and (E) plan to be cost competitive. (e) Cost share Section 988 of the Energy Policy Act of 2005 ( 42 U.S.C. 16352 3. Workforce capacity building Section 954(b) of the Energy Policy Act of 2005 ( 42 U.S.C. 16274(b) (1) in the subsection heading, by striking Graduate (2) by striking graduate (3) in paragraph (2)(A), by inserting community colleges, trade schools, registered apprenticeship programs, pre-apprenticeship programs universities, (4) in paragraph (3), by striking 2021 through 2025 2023 through 2027 (5) by redesignating paragraph (3) as paragraph (4); and (6) by inserting after paragraph (2) the following: (3) Focus areas In carrying out the subprogram under this subsection, the Secretary may implement traineeships in focus areas that, in the determination of the Secretary, are necessary to support the nuclear energy sector in the United States, including— (A) research and development; (B) construction and operation; (C) associated supply chains; and (D) workforce training and retraining to support transitioning workforces. .

Summary: Fission for the Future Act of 2022 This bill supports the commercial deployment of advanced nuclear reactors. Specifically, the Department of Energy (DOE) must establish a program that provides financial assistance for the commercial planning, licensing, development, and construction of (1) advanced nuclear reactors, or (2) supply chain infrastructure associated with such reactors or related technologies. In addition, the bill reauthorizes through FY2027 and revises a DOE program designed to strengthen university research and training in nuclear science and engineering.