A major fallout from nuclear energy was avoided in Illinois this week.
What happened
On Monday, the Illinois legislature approved $ 700 million in grants over five years to keep the state’s nuclear power plants operating.
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Nuclear energy, a controversial issue among environmentalists, has become a very important source of clean energy according to many policy makers, including the Illinois Governor and the Biden administration.
Former Michigan governor and US-Energieministerin Jennifer Granholm praised the decision Twitter (NYSE:TWTR).
“Thanks to @GovPritzker’s leadership and lawmakers, #Illinois will keep a number of nuclear power plants on-line – saving thousands of well-paying jobs, while showing what courageous government action can do to usher in the future of clean energy ”She tweeted.
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Why is it important
Keeping the nuclear power plants open in Illinois not only prevented the switch to fossil fuels, but also helped the stock of the company Exelon Corporation (NASDAQ: EXC) to save – and increase.
Over the past year, EXC stocks are up about $ 15 per share. According to many scientists, nuclear energy is an energy system that will remain important and efficient in the future as it is a useful alternative in the fight against climate change.
Photo: Mick Truyts via Unsplash.
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