Five advanced reactor designs get DOE risk reduction funding

December 16, 2020, 3:00PMNuclear News

The Department of Energy today announced $30 million in initial fiscal year 2020 funding—with the expectation of more over the next seven years—for five companies selected for risk reduction for future demonstration projects. The chosen reactor designs from Kairos Power, Westinghouse, BWX Technologies, Holtec, and Southern Company collectively represent a range of coolants, fuel forms, and sizes—from tiny microreactors to a molten salt reactor topping 1,000 MWe. They were selected for cost-shared partnerships under the Office of Nuclear Energy’s Advanced Reactor Demonstration Program (ARDP) through a funding opportunity announcement issued in May 2020.

“All of these projects will put the U.S. on an accelerated timeline to domestically and globally deploy advanced nuclear reactors that will enhance safety and be affordable to construct and operate,” said Energy Secretary Dan Brouillette. “Taking leadership in advanced technology is so important to the country’s future, because nuclear energy plays such a key role in our clean energy strategy.”