TVA puts $150 million toward SMRs as NRC backs quality assurance plan

August 27, 2024, 12:00PMNuclear News

The Tennessee Valley Authority’s board of directors approved $150 million in additional funding to continue design work and TVA’s plans for small modular reactors at its Clinch River site near Oak Ridge, Tenn. With that decision late last week and an initial $200 million investment announced in early 2022, TVA has put a total of $350 million toward the development of SMRs at the site.

To continue reading, log in or create a free account!

Related Articles

Saskatchewan expands its nuclear plans

January 30, 2026, 12:21PMNuclear News

This week, the government of Saskatchewan, alongside electric utility SaskPower, announced plans to formally evaluate the deployment of large nuclear technologies. This process will take place...

Centrus to expand Oak Ridge facility

January 26, 2026, 9:38AMNuclear News

Centrus Energy Corp. is planning a major expansion of its Oak Ridge, Tenn., Technology and Manufacturing Center. The build-out would allow it to expedite large-scale deployment of...