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DOE announces new investment in small modular reactors

Posted at 12:24 pm December 16, 2013
By John Huotari Leave a Comment

mPower Containment

Conceptual drawing of an underground containment structure housing two B&W mPower reactor modules. (Image courtesy B&W)

The U.S. Department of Energy last week announced a second round of funding for small modular reactors.

The first award, announced earlier this year, provided support to Babcock and Wilcox Co. through a program that could result in small modular reactors at the former Clinch River Breeder Reactor site in west Oak Ridge. In November, B&W announced it had already invested more than $360 million in that project, and the North Carolina company was looking for investors and possibly majority owners.

DOE said the new award was given to Oregon-based NuScale Power LLC to support a new project to design, certify, and help commercialize innovative small modular reactors in the United States.

The department said the reactors could provide clean, safe, and cost-effective nuclear energy, and build on President Obama’s Climate Action Plan to “continue America’s leadership in clean energy innovation.” [Read more…]

Filed Under: Federal, Government, Top Stories, U.S. Department of Energy Tagged With: B&W, Babcock and Wilcox Co., Climate Action Plan, Clinch River Breeder Reactor, DOE, Energy Department, Ernest Moniz, Lamar Alexander, Nuclear Energy, nuclear power, Nuclear Regulatory Commission, NuScale Power LLC, President Obama, Small Modular Reactor Licensing Technical Support, small modular reactors, U.S. Department of Energy

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