America’s nuclear energy moment is here — let’s seize it

In 1960, Dr. Glenn Seaborg, then-chairman of the U.S. Atomic Energy Commission, confidently predicted that nuclear energy would power half of American homes by the year 2000. For a while, it looked like he might be right. Between 1967 and 1974, U.S. utilities ordered nearly 200 nuclear reactors.

But momentum stalled as cost overruns, regulatory hurdles, slowing demand and accidents at Three Mile Island, Chernobyl and later Fukushima eroded public confidence. Projects were canceled, and the nation’s once-robust nuclear manufacturing base faded.

Today, it seems like Seaborg’s prediction wasn’t wrong — just too early. A new generation of nuclear reactors — with advanced designs that safely cool and shut down reactors without the need for power or operator intervention — has made such accidents virtually impossible. Meanwhile, soaring electricity demand, driven by artificial intelligence, and rising geopolitical risks have underscored the need for energy that is clean, safe, reliable and abundant — four boxes that only nuclear energy checks.

I have witnessed nuclear’s resurgence firsthand in my role at the engineering and construction firm Bechtel. We successfully helped bring Georgia Power’s two new reactors online in 2023 and 2024, and are currently working to deliver nuclear projects in Tennessee and Wyoming. Overseas, we’re helping Poland build its first nuclear plant — a reminder that U.S. nuclear leadership also expands our geopolitical influence, rather than ceding it to Russia and China.

Fortunately, the Trump administration understands the stakes and has issued executive orders aimed at quadrupling domestic nuclear capacity by 2050.

With its sights set on a true nuclear renaissance, the government — together with the nuclear industry — should focus on clearing the four biggest hurdles in nuclear’s path.

First, we must confront the elephant in the room: cost. Critics who say nuclear energy is too expensive underestimate both its long-term value and American ingenuity. A nuclear plant’s low operating costs and long lifespan make the cost per unit of energy highly competitive. Meanwhile, each new project helps technology developers and utilities standardize reactors, enabling builders like Bechtel to standardize engineering designs, scale supply chains and deploy new construction methods such as digital execution and modularization. The result is shorter schedules, lower costs and greater certainty of outcome.

Controlling cost is also about reducing “project execution” risk for investors. If we want to expand nuclear energy and unlock efficiency gains, we will need more help from the government to assume some of the financial risk of first-mover projects.

As the industry rebuilds its capability to deliver, new nuclear projects can be susceptible to delays and cost overruns that deter investors. To stimulate the market, the government must absorb some of the early project cost overrun risks — just as other countries are already doing to grow their nuclear power output.

Second, the U.S. should deliver on its obligation under law to establish a sustainable national program for permanently disposing of spent nuclear fuel. While today’s storage methods are designed to work safely for 80 years or more, a long-term solution would resolve this challenge and strengthen public confidence in nuclear power.

Third, regulators must continue modernizing. The Nuclear Regulatory Commission, in particular, plays an indispensable role in maintaining high industry standards and has made progress in updating its approach to approving projects. But the framework, built in the 1970s, lags behind the modular, standardized and inherently safer designs of today’s nuclear reactors. Significant opportunities remain to streamline approvals without compromising safety. The Trump administration’s new executive order encouraging the commission to reform is a welcome step in the right direction.

Fourth, and perhaps most urgently, we need people. America is grappling with a skilled labor shortage, from welders to electricians and heavy equipment operators. Here, too, the administration can and is beginning to lead by incentivizing partnerships between industry and education and by expanding access to vocational training.

We need to make sure that joining the construction trades is a rewarding, fulfilling and safe career. We need to reshape perceptions that you can only get ahead with a four-year degree, which is simply not true and even misleading to the younger generation. A national campaign should champion these careers as mission-driven, innovative and essential to America’s future.

There are no silver bullets in energy policy. Solar, gas and emerging technologies will all be part of the equation. But failing to realize the full potential of nuclear energy’s promise would be a costly mistake — economically, environmentally and geopolitically.

A strong U.S. nuclear program will produce more than megawatts. It will catalyze life-changing technologies, a robust national industrial base and a brighter future for generations.

If we get it right, maybe someone in 2075 will look back at today as the moment when America glimpsed its energy moonshot and seized the opportunity to lead.

Craig Albert is president and chief operating officer of the engineering and construction company Bechtel. He previously led its nuclear, security and environmental unit.