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The U.S. Energy Department has allocated $800 million in grants to two companies for developing small modular nuclear reactors. Tennessee Valley Authority (TVA) and Holtec will each receive $400 million to construct 300-megawatt reactors using advanced fission technology. TVA’s project in Tennessee will focus on a single reactor, while Holtec’s plan in Michigan includes two units. This initiative aims to reduce costs through mass production and standardized designs. The move reflects growing interest in nuclear energy as tech firms seek reliable power for expanding AI operations.
Key facts
- The Department of Energy awarded $400 million to TVA and $400 million to Holtec for small modular reactor projects.
- TVA will build one 300-megawatt reactor in Tennessee using GE Vernova Hitachi technology.
- Holtec’s plan involves constructing two 300-megawatt reactors in Michigan with its proprietary design.
- Generation III+ reactors aim to cut costs through scalable manufacturing and streamlined construction.
- Only two small modular reactors are currently operational globally, according to industry reports.
TAGS:
#energy innovation #government grants #nuclear reactors #nuclear technology #small modular reactors #U.S. energy policy
