- Slice of Energy
- Posts
- Duke Energy's Oconee Plant Secures 20-Year License Renewal
Duke Energy's Oconee Plant Secures 20-Year License Renewal
Slice of Energy Team
April 07, 2025
Key Highlights:
Oconee Nuclear Station to operate through 2053/2054
First Duke Energy plant to secure 80-year operation milestone
Supports growing energy demand with 24/7 clean power
Investments include major upgrades and 45 MW power increase in 2024
Critical to Duke Energy’s “all of the above” clean energy strategy
Source: PR Newswire
Notable Quotes:
"Affordable and reliable energy is the key to South Carolina's continued economic prosperity, and nuclear power must play a key role as we work to shape our energy future."
"The renewal of the nuclear licenses at Oconee will ensure reliable, non-emitting nuclear power continues to be supplied throughout our state."
"Approval to extend Oconee Nuclear Station's licenses is a significant milestone for Duke Energy and provides significant learnings to use in completing license applications for our other plants."
Why This Matters:
This license renewal represents a crucial step in maintaining energy reliability and affordability amid growing regional electricity demands. As the first Duke Energy nuclear site approved for 80 years of operation, Oconee sets a precedent for extending the life of other nuclear assets. This milestone aligns with Duke Energy’s commitment to a cleaner energy future, reinforcing nuclear power’s vital role in carbon-free, around-the-clock electricity generation and supporting the economic stability of South Carolina through job creation and energy investment.