DOE opens applications for up to $900M to support small modular reactor deployment
Robert Walton | Source: Utility DIVE | Posted 10/18/2024
“Next-generation nuclear energy will play an important role in building the clean power sector of the future,” Senior Advisor to the President for International Climate Policy John Podesta said in a statement. “Today’s funding will boost American innovation, bolster our national security, and tackle the climate crisis.”
AI generated summary
Interest in nuclear energy is on the rise again, with the U.S. Department of Energy aiming to establish a pathway for deploying Gen III+ small modular reactors (SMRs) across the country. The DOE announced that applications for up to $900 million in funding are due in January to support the domestic deployment of these reactors, emphasizing the role of next-generation nuclear energy in building a clean power sector for the future.
The U.S. Department of Energy highlighted the importance of nuclear power in achieving the country's goal of reaching net-zero emissions by 2050. The funding will be offered in two tranches, with up to $800 million allocated for first mover team support awards managed by the Office of Clean Energy Demonstrations. Additionally, $100 million will be designated for fast follower deployment support to address key gaps in the domestic nuclear industry, such as design, licensing, and supplier development, to facilitate additional deployments of SMRs.
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Source Link: https://www.utilitydive.com/news/doe-opens-applications-for-up-to-900m-to-support-small-modular-reactor-dep/730133/
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