DOE Awards $22.1 Million to Advance Promising Nuclear Technolgies

wASHINGTON, d.c.

May 9, 2023 

WASHINGTON, D.C. – The U.S. Department of Energy (DOE) today awarded $22.1 million to 10 industry-led projects, including two aimed at expanding clean hydrogen production with nuclear energy and one focused on bringing a microreactor design closer to deployment. The other projects intend to tackle nuclear regulatory hurdles, improve operations of existing reactors, and facilitate new advanced reactor developments. Each of these projects will help advance nuclear technology and ensure nuclear power continues to play a crucial role in meeting President Biden’s emission reduction and climate change goals.

These projects are funded through the Office of Nuclear Energy’s industry funding opportunity announcement (iFOA). Since 2018, the iFOA has invested more than $230 million into 48 projects from 31 different companies across 18 states. To date, 28 of the selected projects have successfully been completed. This is the final round of awards DOE will make through this funding opportunity. 

“The industry funding opportunity vitally assists in reducing technical and economic challenges associated with current and future nuclear technologies,” said Assistant Secretary for Nuclear Energy Dr. Kathryn Huff. “This final round of awards supports technological advancements to ensure nuclear energy keeps delivering emissions-free power for all Americans.”