ICOSA Media caught up with NuScale chief executive officer Chris Colbert and TerraPower CEO John Gilleland at the recent CERAWeek energy conference in Houston, Tex. The two leaders of these innovative nuclear energy companies discuss the how's and why's of their small and beautiful reactor designs-the NuScale Small Modular reactor and the TerraPower Traveling Wave reactor.

Press release from Energy Northwest

The US Department of Energy has a $452 million program to share development and licensing costs for selected small modular reactor (SMR) designs. The DOE's goal is to have an operating SMR by ~2022. Last November, the DOE awarded the first grant to the B&W mPower^TM reactor. In more recent news, the DOE has decided to issue a follow-on solicitation to enter a similar cost-sharing agreement with one or more other SMR vendors (and their SMR designs). The status of development and licensing for several SMR designs are summarized below.