NEWS: Here’s how New York plans to bring 5GW of new nuclear online by 2050. 👀

NYSERDA and the state’s Department of Public Service have laid out the options to meet that lofty goal. 

The costs: To fund this massive buildout, NY residents could pay between $15-$24B in subsidies over 25 years. Plus, private investors—and ratepayers—could cover any cost overruns (and with the industry’s track record, those will most likely pile up).

The designs: The paper lays out a few options, including five traditional large reactors or 20 SMRs. The authors noted that the Westinghouse AP1000—the only advanced reactor now operating in the US—could prove quicker (and less risky) to build. And speed is the name of the game: To benefit from federal tax credits, the state must start building by 2033.