US DOE to provide $800 million to support SMR deployment

• a month ago (2025-12-04)
• David Flin

North America 1067 Nuclear 719

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The US Department of Energy (DOE) has announced that it will provide $800 million to support development of SMRs by the Tennessee Valley Authority (TVA) and Holtec International.

The DOE said that TVA will receive up to $400 million in funding to develop a GE Hitachi BWRX-300 at the Clinch River site in Tennessee and for other projects. It also said that Holtec will also receive $400 million to build two SMRs at its Palisades site in Michigan. Holtec is hoping to reopen the 800 MW Palisades conventional reactor this year, which had been shut in 2022 following over 50 years of operation.

The DOE expects the SMRs to be deployed by the early 2030s.