Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, January 23, 2012

US DOE launches major funding program for small nuclear reactors

US DOE launches major funding program for small nuclear reactors
Washington (Platts)--20Jan2012/426 pm EST/2126 GMT


Pittsburgh-based engineering company Westinghouse Friday said it will apply for government funding to advance nuclear technology that would produce a new type of small reactors.

The US Department of Energy announced earlier Friday that it is seeking applications for two grants, estimated to total $452 million over five years. The funds will pay up to half the cost of developing and deploying up to two small modular reactor designs.

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