DOE Grants $800M for Small Modular Reactors
Update: 2025-12-04
Description
Two nuclear companies, Tennessee Valley Authority and Holtec International, receive $400 million each from the Department of Energy to develop small modular reactors. The TVA plans a 300-megawatt reactor in Tennessee, while Holtec will build two 300-megawatt reactors in Michigan. These Generation Three Plus designs aim to reduce costs and streamline construction. Tech companies, seeking carbon-free energy for their AI operations, are driving this renewed focus on nuclear development.
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