US invests $800M in small modular reactor development with TVA and Holtec
TL;DR Summary
The U.S. Department of Energy has selected TVA and Holtec to support the deployment of small modular reactors in Tennessee and Michigan, with up to $800 million in funding, aiming to deliver new nuclear capacity by the early 2030s and strengthen domestic supply chains as part of a broader effort to expand America's energy independence and security.
- Energy Department Selects TVA and Holtec to Advance Deployment of U.S. Small Modular Reactors Department of Energy (.gov)
- US to provide up to $800 million to support small reactors Reuters
- Feds give Holtec $400M to develop first small modular reactors in U.S. Detroit Free Press
- TVA awarded $400M grant for cutting-edge nuclear project in Oak Ridge WATE 6 On Your Side
- Holtec receives $400M to create two new reactors at Palisades Nuclear Power Plant WWMT
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