WASHINGTON, D.C. – U.S. Secretary of Energy Rick Perry announced today that the U.S. Department of Energy (DOE) has selected 13 projects to receive approximately $60 million in federal funding for cost-shared
research and development for advanced nuclear technologies. These selections are the first under DOE’s Office of Nuclear Energy’s U.S. Industry Opportunities for Advanced Nuclear Technology Development funding opportunity announcement (FOA), and subsequent quarterly application review and selection processes will be conducted over the next five years. DOE intends to apply up to $40 million of additional FY 2018 funding to the next two quarterly award cycles for innovative proposals under this
FOA.
“Promoting early-stage investment in advanced nuclear power technology will support a strong, domestic, nuclear energy industry now and into the future,” said Secretary Perry. “Making these new investments is an important step to reviving and revitalizing nuclear energy, and ensuring that our nation continues to benefit from this clean, reliable, resilient source of electricity. Supporting existing as
well as advanced reactor development will pave the way to a safer, more efficient, and clean baseload energy that supports the U.S. economy and energy independence.”
The selected awards underscore the importance of the private-public partnerships engaged in by U.S. companies in order to share expertise needed to successfully develop innovative nuclear technologies. The projects will allow industry-led teams, which
include participants from federal agencies, public and private laboratories, institutions of higher education, and other domestic entities, to advance the state of U.S. commercial nuclear capability.
