Two SMR projects selected for US federal funding

From wnn (world nuclear news)

In October 2024, the US Department of Energy (DOE) – under the Joe Biden administration – opened applications for funding to support the initial domestic deployment of Generation III+ small modular reactor (SMR) technologies, with up to USD800 million to go to two “first-mover” teams, with an additional USD100 million to address so-called gaps that have hindered plant deployments. According to the solicitation documentation, a Gen III+ SMR is defined as a nuclear fission reactor that uses light water as a coolant and low-enriched uranium fuel, with a single-unit net electrical power output of 50-350 MWe, that maximises factory fabrication approaches, and the same or improved safety, security, and environmental benefits compared with current large nuclear power plant designs.