ORNL to receive $497 million in Inflation Reduction Act funding 

Oak Ridge National Laboratory will receive $497 million from the Inflation Reduction Act for projects that include nuclear fusion and neutron research, supercomputing, materials science, and radioisotope production. More than half of the money, 52% of it, will be used for U.S. contributions to an international nuclear fusion project.

ORNL’s $497 million is about one-third of the $1.55 billion provided to the U.S. Department of Energy’s Office of Science by the Democrat-led Congress under the IRA. President Joe Biden signed the IRA, which included a range of provisions and passed along party lines, into law in August. It provides money for more than 52 DOE projects already in the works.