July 1 (Reuters) - The U.S. nuclear regulator has

approved Dominion Energy's ( D ) application to extend the

operating license of its V.C. Summer power station in South

Carolina till 2062, the utility said on Tuesday.

U.S. nuclear power is experiencing a renaissance after

decades of stagnation, driven by record demand from data centers

used for artificial intelligence technologies and the

electrification of industries such as transportation and

manufacturing.

President Donald Trump signed

executive orders

in late May, directing the U.S. Nuclear Regulatory

Commission to cut down on regulations and fast-track new

licenses for reactors and power plants.

The V.C Summer nuclear power station was originally

licensed to operate for 40 years from 1982 through 2022. In

2004, the NRC approved a license renewal to allow operation for

20 more years through 2042.

With the receipt of the second renewed license on

Tuesday, the unit can operate through 2062, Dominion Energy ( D )

said.

Last year, Dominion Energy ( D ) had received a similar

approval to extend the operating licenses for

North Anna

nuclear power station in Virginia for an additional 20

years.

The Richmond, Virginia-based company also plans to seek

NRC approval to extend the operating license for Millstone Power

Station in Connecticut.