Ohio Launches $100 Million Energy Fund To Help Boost Nuclear Power Projects

Fund will support small modular reactor generation and creation of nuclear centre of excellence

Ohio Launches $100 Million Energy Fund To Help Boost Nuclear Power Projects
The Statehouse in Columbus, capital of Ohio. Courtesy MJ/Creative Commons Licence.

The US state of Ohio has launched a $100m (€86m) five-year JobsOhio Energy Opportunity Initiative providing companies with grants and low-interest loans for the development of natural gas and nuclear power production projects in the state.

The initiative was announced by Ohio governor Mike DeWine at a business conference and will in part be used to attract supply chain companies for the growth of small modular reactor (SMRs) manufacturing and for the creation of a nuclear energy centre of excellence.

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