$900M to Ignite The Nuclear Renaissance
Happy hump day folks!
Get ready – we have nuclear news from the U.S. Department of Energy (DOE).
$900M to Ignite The Nuclear Renaissance
On Monday, the DOE announced it will offer $900M to support small modular nuclear reactor development. With the meteoric rise of AI, America needs energy – now more than ever.
U.S. electricity demand is forecast to soar in the coming years driven by consumer needs, data center growth, increased AI use, and the industrial sector’s need for constant power.
Small modular reactors could provide reliable power for these energy-intensive sectors, with the added benefit of flexible deployment thanks to their compact size and modular design.
US Office of Nuclear Energy
The Department seeks to de-risk the deployment of Generation III+ light-water small modular reactors through two tiers:
Tier 1: First Mover Team Support will provide up to $800M to two first mover teams of utility, reactor vendor, constructor, and end-users/off-takers committed to deploying a first plant while facilitating a multi-reactor, Gen III+ SMR orderbook and the opportunity to work with the National Nuclear Security Administration to incorporate safeguards and security by design into the projects.
Tier 2: Fast Follower Deployment Support will provide approximately $100M to spur additional Gen III+ SMR deployments by addressing key gaps that have hindered the domestic nuclear industry in areas such as design, licensing, supply chain, and site preparation.
Who doesn’t love a good government subsidy?!
Applications will close on April 23, 2025, at 5:00 PM ET.
Folks – we’re witnessing a Renaissance before our own eyes – this is exciting stuff!
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Godspeed – Rosebee
Disclosure: The author of this newsletter holds $ACHR/W. This publication is for informational purposes only and is not a recommendation to buy or sell securities.
