Reactor designers and others ready to invest in advanced nuclear technology now have a defined route to apply for cost-share funding, including $160 million in initial funding to build two reactors within the next five to seven years. On May 14, the U.S. Department of Energy issued a funding opportunity announcement (FOA) for the new Advanced Reactor Demonstration Program (ARDP).

Today, the U.S. Department of Energy announced the launch of the Advanced Reactor Demonstration Program (ARDP) within the Office of Nuclear Energy. ARDP is designed to help domestic private industry demonstrate advanced nuclear reactors in the U.S.