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June 20, 2024, 12:01PMNuclear News

The U.S. Department of Energy plans to invest up to $900 million to support the initial deployment of small modular reactor technology.

The DOE issued a notice of intent to fund projects from President Biden’s infrastructure law with the goal of accelerating advanced nuclear projects to support energy infrastructure. The department estimates the country will need up to 950 gigawatts of reliable and clean energy to help reach the goal of net-zero emissions by 2050. Nuclear currently generates 18.6 percent of U.S. electricity.

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