The US Department of Energy has chosen five nuclear technology companies to receive $30m each in initial funding for risk reduction projects under its advanced reactor demonstration programme (ARDP).
The recipients are: Kairos Power’s Hermes Reduced-Scale Test Reactor; Westinghouse Electric Company’s eVinci microreactor; BWXT Advanced Technologies’ BWXT Advanced Nuclear Reactor; Holtec’s SMR-160 Reactor; and Southern Company Services, Inc’s Southern Molten Chloride Reactor Experiment.
The $30m is cost-shared and companies were chosen through a funding opportunity announcement issued in May 2020.
The recipients are: Kairos Power’s Hermes Reduced-Scale Test Reactor; Westinghouse Electric Company’s eVinci microreactor; BWXT Advanced Technologies’ BWXT Advanced Nuclear Reactor; Holtec’s SMR-160 Reactor; and Southern Company Services, Inc’s Southern Molten Chloride Reactor Experiment.
The $30m is cost-shared and companies were chosen through a funding opportunity announcement issued in May 2020.
The ARDP is designed to help domestic private industry demonstrate advanced nuclear reactors in the US. The goal of the risk reduction programme is to design and develop reactor technologies that can be licensed and deployed over the next 10 to 14 years.
The DOE said it expects to invest approximately $600m over seven years with industry partners providing at least 20% in matching funds.
