DOE floats $900M to build advanced reactors
06/18/2024
The Department of Energy announced plans Monday to inject $900 million into developing small nuclear reactors — a shot in the arm for the industry as the Senate prepares to vote on a bill to boost the Nuclear Regulatory Commission’s capacity to license the technology.
Up to $800 million will go toward supporting one or two “first-mover teams” with plans to deploy a first small modular reactor (SMR) plant and a multireactor project, DOE said in issuing a notice of intent for funding. Teams will include utilities, developers and electricity consumers. Up to $100 million is meant to help spur SMRs by addressing gaps in design, licensing, development and site preparation.
