In the ongoing quest to mitigate the effects of climate change, new technology can create new solutions. Even today, however, coal is still a main source of power around the globe, often out of necessity. Many coal-burning plants have already been converted for gas or biomass, but these measures alone are not nearly enough to meet net-zero carbon goals. There is a better solution, however: repowering coal plants with nuclear technology—specifically, Generation IV reactors.

In its latest financial nod of encouragement to the U.S. nuclear industry, the Department of Energy has announced awards totaling $8.5 million to five industry-led projects, with the aim of accelerating the commercial deployment of advanced reactors and fuels.

The awards are funded via the Office of Nuclear Energy’s U.S. Industry Opportunities for Advanced Nuclear Technology Development funding opportunity, which, since 2017, has invested more than $215 million in advanced nuclear technologies. Solicitations are broken down into three pathways: first-of-a-kind nuclear demonstration readiness projects, advanced reactor development projects, and direct regulatory assistance.

The Minerals Council of Australia (MCA) last week released Small Modular Reactors in the Australian Context, an overview of SMRs, their potential role in Australia, and their likely operating costs.

The 36-page report, written by Australian nuclear energy advocate Ben Heard, takes a look at three of the most advanced SMR designs currently undergoing regulatory approval: NuScale’s Power Module, GE-Hitachi’s BWRX 300, and Terrestrial Energy’s Integral Molten Salt Reactor.