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NEW: DOE Announces $900 Million to Accelerate Deployment of Next-Gen Light-Water SMRs

Department of Energy's Office of Nuclear Energy sent this bulletin at 06/18/2024 12:01 PM EDT

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June 18, 2024

DOE Announces $900 Million to Accelerate the Deployment of Next-Generation Light-Water Small Modular Reactors

The U.S. Department of Energy (DOE) just launched a $900 million program to build and deploy next-generation light-water small modular reactors (SMRs).

This funding, $100 million of which is coming from the Office of Nuclear Energy, will help strengthen the domestic nuclear industry and spur follow-on reactor projects.

SMRs are versatile and have the potential to be deployed in a variety of settings, from remote to urban, due to their small footprint, modular design, factory-based construction, and use of established fuel supply chains — all of which serve to lower overall project costs.

DOE anticipates releasing a two-tiered funding solicitation in late summer/fall of 2024.

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