Holtec and the Tennessee Valley Authority (TVA) will each receive $400 million from the Department of Energy to support early deployments of advanced light-water small modular reactors (SMRs), DOE said Tuesday.
The federal cost-shared funding will help advance early SMR projects in Tennessee and Michigan, DOE said in a press release. The financial support helps further the Donald Trump administration’s goal of seeing commercial SMRs online in the 2030s, according to the release.
TVA is pursuing a GE Vernova Hitachi BWRX-300 at the Clinch River Nuclear site in East Tennessee, near the DOE’s Oak Ridge Site. The Nuclear Regulatory Commission is already working on an environmental report on the project.
Holtec Government Services plans to develop a pair of SMR-300 reactors at the Palisades Nuclear Generating Station site in Covert, Michigan. Holtec is restarting the existing Palisades Nuclear Station. Holtec is working with Hyundai Engineering & Construction on the Palisades SMRs.
“President Trump has made clear that America is going to build more energy, not less, and nuclear is central to that mission,” Secretary of Energy Chris Wright said in the release.