DOE Advanced Reactor Demonstration Program awards $30M in initial funding for risk reduction projects
The US Department of Energy (DOE) is awarding $30 million in initial funding to five teams for projects under one of three programs—Risk Reduction for Future Demonstration—in the new Advanced Reactor Demonstration Program (ARDP). The awards are cost-shared partnerships with industry, and companies were chosen through a funding opportunity announcement issued in May 2020.
ARDP is designed to help domestic private industry demonstrate advanced nuclear reactors in the United States. DOE expects to invest approximately $600 million over seven years with industry partners providing at least 20% in matching funds.