U.S. Department of Energy announces $400 million in funding to accelerate deployment of the nation's first commercial small modular nuclear reactor
United States, Dec. 2 -- The U.S. Department of Energy (DOE) has announced a $400 million grant to the Tennessee Valley Authority (TVA) to continue to accelerate deployment of GE Vernova Hitachi Nuclear Energy's BWRX-300 small modular reactor (SMR). With commercial operation of the first BWRX-300 at the utility's Clinch River Site targeted for the early 2030s, it would become the nation's first commercial SMR. TVA led a coalition of utility and industry partners, including GE Vernova Hitachi, in applying for funding through DOE's Generation III+ SMR program. The coalition of partners involved in the funding application reflects the industry's confidence in the BWRX-300 and the role its accelerated deployment through this grant will play in ...
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