Policy Impact Analysis - 117/S/4242

Bill Overview

Title: Thorium Energy Security Act of 2022

Description: This bill requires the Department of Energy and other relevant agencies to preserve uncontaminated inventories of uranium-233 to foster the development of thorium-based nuclear reactors. The bill also makes funding available for transferring inventories to interim or permanent storage facilities. Additionally, the bill requires various reports, including on the progress China has made in developing thorium-based reactors.

Sponsors: Sen. Tuberville, Tommy [R-AL]

Target Audience

Population: People engaged in or affected by nuclear energy and thorium development

Estimated Size: 500000

Reasoning

Simulated Interviews

Nuclear Engineer (Tennessee)

Age: 45 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 10/20

Statement of Opinion:

  • This policy ensures that we keep critical materials for future energy solutions such as thorium reactors.
  • It opens up new project funding, but practical impacts may take years to manifest in real-world applications.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 8 7
Year 3 8 6
Year 5 9 6
Year 10 9 6
Year 20 9 6

Environmental Scientist (California)

Age: 32 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 20.0 years

Commonness: 15/20

Statement of Opinion:

  • Thorium reactors are a step towards clean energy, though they won't reduce carbon emissions immediately.
  • Monitoring how this influences the energy policy landscape will be key.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 7 6
Year 5 7 6
Year 10 8 6
Year 20 9 6

PhD Student in Nuclear Physics (Massachusetts)

Age: 29 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 20.0 years

Commonness: 5/20

Statement of Opinion:

  • Increased funding means more opportunities for research and collaboration.
  • Excited to see thorium gaining policy attention.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 9 8
Year 2 9 8
Year 3 9 8
Year 5 9 8
Year 10 10 8
Year 20 10 8

Energy Policy Analyst (New York)

Age: 60 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 15.0 years

Commonness: 8/20

Statement of Opinion:

  • This legislation adds a dimension to US energy security.
  • Focus may shift depending on global thorium reactor progress.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 8 7
Year 3 8 7
Year 5 8 7
Year 10 7 7
Year 20 7 7

Nuclear Power Plant Worker (Pennsylvania)

Age: 41 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 20.0 years

Commonness: 18/20

Statement of Opinion:

  • I don't see an immediate impact on day-to-day operations at the plant.
  • Thorium could transform the industry but will take time.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 5 5
Year 3 5 5
Year 5 5 5
Year 10 5 5
Year 20 6 5

Professor of Energy Studies (Colorado)

Age: 38 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 15.0 years

Commonness: 10/20

Statement of Opinion:

  • The move could encourage academic projects in thorium that might otherwise be underfunded.
  • It provides a robust teaching case study.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 8 7
Year 5 8 7
Year 10 9 7
Year 20 8 7

Energy Company Executive (Texas)

Age: 50 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 20.0 years

Commonness: 7/20

Statement of Opinion:

  • Long-term energy planning could incorporate thorium as a viable option.
  • This influences investment strategies and risk assessments.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 7 6
Year 5 7 6
Year 10 7 6
Year 20 8 6

Government Advisor (Washington D.C.)

Age: 46 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • A strategic move to maintain a competitive edge in nuclear technology.
  • The bill aligns with broader energy security goals.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 9 8
Year 3 9 8
Year 5 9 8
Year 10 9 8
Year 20 8 8

Graduate Student in Environmental Science (Oregon)

Age: 24 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 14/20

Statement of Opinion:

  • Thorium reactors are interesting but their benefits are long-term.
  • Will follow policy developments as part of my studies.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 8 7
Year 10 8 7
Year 20 8 7

Retired Nuclear Engineer (Arizona)

Age: 54 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 10.0 years

Commonness: 12/20

Statement of Opinion:

  • Brings optimism towards the future of nuclear energy.
  • This might encourage young engineers to pursue thorium reactors.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 9 8
Year 20 9 8

Cost Estimates

Year 1: $50000000 (Low: $45000000, High: $55000000)

Year 2: $52000000 (Low: $47000000, High: $57000000)

Year 3: $53000000 (Low: $48000000, High: $58000000)

Year 5: $55000000 (Low: $50000000, High: $60000000)

Year 10: $60000000 (Low: $55000000, High: $65000000)

Year 100: $0 (Low: $0, High: $0)

Key Considerations