DOE Invests $800M in Advanced Nuclear Power

The U.S. Department of Energy has allocated eight hundred million dollars to two projects, aiming to deploy small modular reactors (SMRs) across the country. The Tennessee Valley Authority and Holtec Government Services will each receive four hundred million dollars to develop these innovative nuclear units. These advanced SMRs are expected to cut down construction time and reduce costs, offering a reliable, twenty-four-hour power source. The Department of Energy selected two first-mover teams for these projects, with the Tennessee Valley Authority advancing the GE Hitachi BWRX-three hundred and Holtec deploying two SMR-three hundred units at the Palisades site in Michigan. These projects aim to showcase how modular reactors can be easily replicated for both domestic and international markets. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.