The Tennessee Valley Authority announced Friday that it is leading an application for $800 million from the U.S. Department of Energy's Generation III+ Small Modular Reactor Program with a coalition of partners, including Bechtel, BWX Technologies, Duke Energy, Electric Power Research Institute, GE Hitachi Nuclear Energy, Indiana Michigan Power - an AEP Company, Oak Ridge Associated Universities, Sargent & Lundy, Scot Forge and North American Forgemasters, the State of Tennessee and other utilities and advanced nuclear project developers.
In 2024, Congress appropriated grant funding to spur the first Gen III+ SMR deployments in the U.S., which will strengthen America’s domestic ... (click for more)