B&W announced yesterday that it has received the latest allocation of Department of Energy funds to support its mPower small modular reactor. The $20.5 million allocation, provided through a cooperative agreement DOE finalized with B&W this spring, comes on top of an initial allocation of $79 million. “With this most recent allocation … the full commitment of the Department to the initial budget period has now been made available to B&W mPower under the program,” a B&W release says. “This additional funding allocation from the DOE further demonstrates the U.S. government’s commitment to supporting private industry in the development and deployment of small modular reactor technology,” B&W mPower President Christofer Mowry said in the release. “We remain on an aggressive schedule toward the anticipated commercial operation of the Clinch River mPower Plant near Oak Ridge, Tenn., by 2022 and appreciate the DOE’s support as we move closer to delivering this vital technology to the global energy market.”
DOE PROVIDES B&W NEXT INSTALLMENT OF SMR FUNDING
NRC issues construct permit to TVA for Clinch River SMR project
The Nuclear Regulatory Commission granted the Tennessee Valley Authority (TVA) a construction permit Tuesday for its Clinch River Small Modular Reactor (SMR) project in Oak Ridge, Tenn. TVA’s Clinch River SMR becomes the second domestic SMR project to receive a construction permit, after TerraPower received the first one in March for its Natrium reactor in […]