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DOE Awards $160M to TerraPower and X-Energy to Build Advanced Nuclear Plants by 2027
GreenTech Media: The U.S. Department of Energy has awarded $160 million to X-energy and TerraPower with the potential for billions more in federal funding, as the companies strive to build a working model of their smaller scale, more flexible advanced nuclear reactor designs by 2027. TerraPower is partnered with the GE Hitachi Nuclear Energy, a nuclear industry joint venture formed in 2007.
DOE’s Advanced Reactor Demonstration Program will provide $80 million to each award winner, DOE Secretary Dan Brouillette said Tuesday. DOE intends to invest about $3.2 billion over the next seven years into advanced nuclear, subject to future congressional appropriations, he said.
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