The U.S. Department of Energy has selected the Tennessee Valley Authority and Holtec Government Services to receive a combined $800 million in federal cost-shared funding to launch early deployments of advanced light-water small modular reactors (SMRs), part of a national effort to expand nuclear power generation in the early 2030s.
Advanced SMRs are poised to become the first new nuclear units the U.S. can deploy at scale in decades, giving the grid reliable, round-the-clock power that can be added quickly as electricity demand accelerates.
Their factory-built design cuts construction time, reduces cost overruns, and strengthens energy security by expanding domestic nuclear capacity.
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