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« Why Oil Under $30 Is A Major Problem | Main | Cameco Sets Production Outlook for Cigar Lake Operation »
Saturday
Jan162016

Energy Department Announces New Investments in Advanced Nuclear Power Reactors to Help Meet America’s Carbon Emission Reduction Goal

WASHINGTON – In support of the Administration’s goal to produce more carbon-free energy, today the U.S. Department of Energy (DOE) announced the selection of two companies, X-energy and Southern Company, to further develop advanced nuclear reactor designs. These awards, with a multi-year cost share of up to $80 million for both companies, will support work to address key technical challenges to the design, construction, and operation of next generation nuclear reactors.

“In order to ensure that nuclear energy remains a key source for US electricity generation well into the future, it is critically important that we invest in these technologies today,” said Secretary Moniz. “Public-private partnerships to develop advanced nuclear capabilities will enable low-carbon nuclear energy to power America for years to come.”

Nuclear power is a critical energy source that provides almost 20 percent of the electricity generated in the United States, and over 60 percent of the nation’s carbon free electricity. These awards provide an example of the public-private partnerships envisioned under the recently launched Gateway for Accelerated Innovation in Nuclear (GAIN) initiative. Announced at the White House last fall, GAIN provides the nuclear energy community with access to the technical, regulatory, and financial support necessary to accelerate the commercialization of advanced nuclear energy systems.

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