DOE Awards $800 Million for U.S. SMR Development

Furthering the White House's encouragement to increase nuclear power generation in the U.S., the U.S. Department of Energy (DOE) said it will provide up to $800 million in funding to Tennessee Valley Authority (TVA) (Knoxville, Tennessee) and Holtec International (Jupiter, Florida) to construct small modular reactors (SMRs) in Tennessee and Michigan.