Investing in America Funds Gen III+ Reactors

This is a U.S. news story, published by Department of Energy, that relates primarily to Tier 2 news.

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domestic nuclear industry

Department of Energy

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Biden-Harris Administration Announces $900 Million to Build and Deploy Next-generation Nuclear Technologies

Summary

Nutrition label

86% Informative

DOE plans to use this funding to spur the safe and responsible deployment of advanced reactor technologies across the country.

DOE estimates the U.S. will need approximately 700-900 GW of additional clean, firm power generation capacity to reach net-zero emissions by 2050 .

In 2023 , nuclear energy provided nearly half of America ’s carbon-free electricity.

For Tier 1 , teams must include a U.S. utility, reactor technology vendor, and engineering, procurement, and construction (EPC) company with the lead applicant being the utility, end-user/off-taker, a development company, or incorporated consortium.

Tier 2 funding is sorted into three different categories, for which applicants must be either planned project owners or utilities, or entities looking to improve the capability, capacity, or cost competitiveness of the domestic supply chain.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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Offensive language

not offensive

Hate speech

not hateful