DOE makes new investment in small modular nuclear reactors
DOE made the award to NuScale Power LLC for up to $226 million over five years
The Department of Energy made a second investment in small modular nuclear reactor technology with a private-public partnership program to develop and license small modular reactor designs.
DOE made the award to NuScale Power LLC for up to $226 million over five years. This follows an award granted in November 2012 to the Babcock & Wilcox Co. in partnership with the Tennessee Valley Authority (TVA) and Bechtel International.
"The Nuclear Energy Institute congratulates NuScale Power, as well as its project partners Fluor Corporation, Energy Northwest and Rolls Royce, for advancing a small reactor design that has achieved an important milestone. The Department of Energy's newest investment in the development of small reactor designs boosts the potential for accelerated commercialization of an advanced clean energy technology that can have a tremendously positive impact domestically and internationally," said Richard Myers, the Nuclear Energy Institute's vice president for policy development, planning and supplier programs.
"Small reactors provide a new opportunity for America to recapture global leadership in the clean energy sector. They can provide electricity for remote locations in the United States and are especially well-suited to countries where reactor modules can be added as needed to match growth in electricity demand and transmission capabilities. In addition, with three-fourths of the globe comprised of oceans, small reactors can power desalinization facilities and produce vast quantities of drinking water for a growing global population," Myers said.