Federal officials have agreed to spend another $20.5 million on a project that could result in a small modular nuclear reactor in west Oak Ridge within a decade.
The Babcock & Wilcox Co. announced Tuesday that the U.S. Department of Energy has allocated the additional funding to an agreement with Babcock & Wilcox mPower Inc. (B&W mPower) under what is known as the Small Modular Reactor Licensing Technical Support Program.
The small modular reactor, which can generate 180 megawatts of electricity, could be built at the former Clinch River Breeder Reactor site in west Oak Ridge by 2022. [Read more…]