POWER Magazine•23 days ago
DOE Selects TVA, Holtec to Receive $800 Million to Advance SMR Deployment
Key Takeaway
This significant federal investment accelerates the commercialization of SMR technology, offering developers new project avenues and large power consumers a future option for stable, carbon-free baseload generation.
AI Summary
- •The U.S. Department of Energy (DOE) is providing up to $800 million in federal cost-shared funding to TVA and Holtec Government Services for early deployment of advanced light-water Small Modular Reactors (SMRs).
- •This funding targets specific SMR projects in Tennessee and Michigan, indicating concrete development opportunities for new nuclear generation.
- •The initiative signals strong federal policy support and significant financial backing for SMR technology, potentially de-risking future projects and accelerating their market entry.
- •For large power consumers and developers, this represents a substantial push towards a new, potentially stable, and carbon-free baseload generation option.
Topics
datacenteremissionsfinancingoempolicy
Article Content
The U.S. Department of Energy (DOE) said the agency has selected the Tennessee Valley Authority (TVA) and Holtec Government Services to support early deployments of advanced light-water small modular reactors (SMRs) in the U.S. The DOE on December 2 said project teams with the two groups will receive up to $800 million in "federal cost-shared funding" targeted for projects in Tennessee and Michigan. The post DOE Selects TVA, Holtec to Receive $800 Million to Advance SMR Deployment appeared first on POWER Magazine .