Michele Kearney's Nuclear Wire

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

Thursday, March 22, 2012

US firms to compete for DOE funding to put SMR in commercial operation by 2022

i-NUCLEAR

US firms to compete for DOE funding to put SMR in commercial operation by 2022

by I-Nuclear
Westinghouse and Babcock & Wilcox Co. will join other applicants in applying for US Department of Energy (DOE) funding to assist the development of a small modular reactor that can be in commercial operation on a US site by 2022.
The DOE issued a “funding opportunity announcement” March 22 noting the availability of investment funds of up to $452 million to develop small, modular reactors or SMRs.
The DOE plans to consider SMR applications that incorporate passive safety features and that can be licensed expeditiously, achieving a commercial operation date on a domestic site by 2022.

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