CURRENT SUBMITTALS DUE JUNE 30, 2020 AT 5:00 P.M. ET
U.S. Department of Energy Awards $5.4 Million to Accelerate Advanced Nuclear Technology Development
April 28, 2020 WASHINGTON, D.C. – The U.S. Department of Energy (DOE) today announced selections to receive funding to accelerate advanced nuclear technology development. There are two selections - one to support site preparation for a future domestic advanced reactor demonstration project and one for an advanced reactor regulatory licensing grant. The projects have a total value of $5.4 million.
The awards are through the Office of Nuclear Energy's (NE) funding opportunity announcement (FOA) U.S. Industry Opportunities for Advanced Nuclear Technology Development. This is Cycle 2020-1, which is the eighth round of funding provided through this innovative FOA. DOE announced previous funding awards in 2018 and 2019. Subsequent application reviews and selection processes will be conducted through December 2022, as supported by Congressional appropriations.
"These cost-shared projects will allow the industry and government to work together to advance U.S. commercial nuclear capability," said Dr. Rita Baranwal, Assistant Secretary for the Office of Nuclear Energy. "Nuclear energy plays a vital role in our all-of-the-above energy strategy to meet increasing energy demand and clean energy goals." ------------------------------------------------------------------------------------------ DOE-NE Investment in Advanced Nuclear Technology
In December 2017, U.S. Secretary of Energy Rick Perry released a funding opportunity announcement (FOA) to support development of advanced nuclear energy technology. The Department of Energy (DOE) is soliciting proposals for cost-shared projects to develop innovative, industry-driven reactor designs and accompanying technologies with high potential to advance nuclear power in the United States.
"Targeted early-stage investment in advanced nuclear technology will support a strong domestic industry now and into the future," said Secretary Perry. "This funding opportunity is an important step to ensure our nation continues to benefit from this clean, resilient source of electricity."
The FOA will be open for a five-year period accepting applications on a year-round basis, with a quarterly selection process. Additional funding will be available throughout as allocated by Congress. Through this competition, DOE encourages U.S. companies to partner with other U.S. federal agencies, public and private laboratories, institutions of higher education, and other domestic entities to share expertise needed to successfully develop these innovative technologies.
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