DOE Strengthens U.S. Energy Innovation With Small Reactor Licensing Partnership

DOE Strengthens U.S. Energy Innovation With Small Reactor Licensing Partnership

The U.S. Department of Energy today announced a new investment to implement a private-public partnership program to license small modular reactor designs. This DOE award is being made to The Babcock & Wilcox Co. in partnership with the Tennessee Valley Authority and Bechtel International. Four innovative designs were submitted to the Energy Department earlier this year, and the agency said today a subsequent solicitation to other companies and manufacturers will be issued to capitalize on other small reactor opportunities. The Nuclear Energy Institute’s president and chief executive officer, Marvin Fertel, made the following remarks about the DOE award to Babcock & Wilcox, which will match the federal funding support under this cost-shared program.http://www.nei.org/newsandevents/newsreleases/doe-strengthens-us-energy-innovation-with-small-reactor-licensing-partnership