Secretary of Energy Rick Perry Announces $30 Million Investment in Advanced Nuclear Technology
The U.S. Department of Energy has announced it intends to make $30 million or more available in fiscal year 2018 for the development of advanced nuclear energy technology. DOE will conduct a webinar on this funding opportunity on Jan. 9, 2018. The continued support for new nuclear energy technology comes at an important time, given that only two new reactors are under construction, and the uncertainty that the Georgia Public Service Commission will continue to look favorably on their completion. Nuclear energy is the nation's largest source of carbon-free power. Absent another round of operating license extensions, however, all existing reactors will retire by mid-century.