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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