Indiana Governor Mike Braun recently signed a Letter of Intent with Eli Lilly and Company to collaborate on a future pathway for nuclear energy solutions in Indiana, including small modular reactors and other advanced nuclear technologies.
A major component of Braun’s energy affordability agenda for state residents is bringing new power supply to the grid, including nuclear energy. “Governor Braun’s vision is to make Indiana the premier location to invest and build new nuclear energy, because when we produce more energy, prices for Hoosier households come down,” a news release from his office said.
The purpose of the Letter of Intent between Lilly and Indiana is to establish a framework for collaboration to:
- Explore and evaluate the technical, economic, regulatory, and environmental feasibility of nuclear energy solutions in Indiana.
- Consider potential structures for future procurement and deployment, including potential public private approaches, ownership and operating concepts, and power purchase arrangements.
- Support long-term energy reliability, resilience, economic development, industrial growth, workforce development, and emissions reduction goals in Indiana.
