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Figure 3.5 Nuclear Fission Power Plant Source: Every Stock Photo, Nuclear Power Plant in Ohio. Online. Available: http://www.everystockphoto.com/photo.php?imageId=714554. Accessed March 27, 2009. Energy Independence and Security Nuclear energy could advance U.S. energy independence if coupled with energy storage systems to fuel transportation needs, such as charging batteries or producing hydrogen. Uranium is the required fuel for nuclear power plants, however, and, although deposits exist in the United States and other friendly nations, the largest uranium mines are located in Canada.74 Opponents of nuclear energy also cite increased risks of nuclear weapon proliferation as the United States pursues the waste-reducing and more efficient technique of fuel reprocessing.75 Lastly, nuclear power plants would tend to centralize domestic energy production, creating high profile terrorist targets and limiting U.S. progress towards a more secure decentralized energy system. Extensive security protections put in place to prevent radiation leaks or reactor meltdowns do help mitigate those risks. Economic Impact and Feasibility The primary economic barrier to nuclear energy is the initial building cost, which ranges between $3 and $14 billion, depending on the size and design of the reactor.76 Considering the full lifecycle, nuclear energy costs about $5,000 per kW.77 Once a plant is built, however, it has extremely low operation and maintenance costs. The Energy Policy Act of 2005 (EPAct 2005) also provides a Nuclear Production Tax Credit of $0.018 per kWh for up to 6,000 MW of new nuclear capacity for the first eight years of operation, up to $125 million annually per 1,000 MW.78 There is also Regulatory Risk 40PDF Image | Shaping Energy Technology Transition
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