Energy Department s Advanced Reactor Demonstration Program Awards $30 million in Initial Funding for Risk Reduction Projects - Energy Industry Today einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
17 December 2020
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The US Department of Energy (DOE) Office of Nuclear Energy (NE) has selected five teams to receive USD30 million in initial funding for risk reduction projects under its Advanced Reactor Demonstration Program (ARDP). All five of the selected designs have the potential to compete globally once deployed, DOE said.
Clockwise from top left: BWXT Advanced Nuclear Reactor; eVinci Microreactor; Kairos KP-FHR; Molten Chloride Reactor Experiment; Holtec SMR-160 (Images: DOE/Kairos Power))
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Risk reduction programme is one of three development and demonstration pathways under the ADRP and aims to design and develop safe and affordable reactor technologies that can be licensed and deployed over the next 10 to 14 years.
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DOE Picks More ARDP Winners; One or More Advanced Nuclear Demonstrations Will Be in Washington State
The Department of Energy (DOE) has chosen five assorted advanced nuclear reactor concepts under the second Advanced Reactor Demonstration Program (ARDP) risk reduction pathway. TerraPower and X-energy, which the DOE chose to support under the first ARDP pathway, are looking at siting their advanced nuclear demonstrations in Washington State, the DOE said.
Energy Department s Advanced Reactor Demonstration Program Awards $30 million in Initial Funding for Risk Reduction Projects energy.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy.gov Daily Mail and Mail on Sunday newspapers.
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The Energy Department announced Wednesday it is providing $30 million to U.S. companies seeking a breakthrough in developing smaller nuclear reactors.
The grant funding from the Advanced Reactor Demonstration Program comes on top of $160 million the DOE distributed in October to two companies that intend to develop and construct small nuclear reactors that can be operational within five to seven years.
The new money is going to five additional companies for “risk reduction projects.” These projects are in their earliest phases with technical hurdles to overcome and remain farther away from being ready for deployment some 10 to 14 years from now. All of the awards are cost-share agreements between the government and industry.