The Tennessee Valley Authority and Oak Ridge National Laboratory have signed a memorandum of understanding to advance decarbonization technologies in pursuit of the federal government’s net-zero-by-2050 goal, the utility and the lab announced yesterday in a joint press release.

The Tennessee Valley Authority’s board of directors has given the go-ahead for a program that will explore the development and potential deployment of small modular reactors as part of the utility’s decarbonization strategy.

The 2021 ANS Annual Meeting brought together three leading chief executive officers from the nuclear industry on June 16 for a discussion centered on the future role of nuclear energy deployment and the challenges of portfolio management during a time of net-zero carbon goals.