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Mon, 2012/01/23
By James T. Hammond
The U.S. Department of Energy has called for comments from the private industry on plans to fund the first demonstration models of small modular nuclear reactors, which could revolutionize the nuclear power industry and the way electric power is generated.
The current comment period ends Feb. 17, according to the DOE announcement that was posted Friday. The federal agency is seeking industry comments on the draft Funding Opportunity Announcement prior to issuing a final request for proposals later in March.
The DOE announcement anticipates one or two federal awards totaling up to $452 million to companies that win the competition to build the first of the small modular reactors, or SMRs. The request for comments specifies that the DOE grant include at least a dollar-for-dollar match from the private partner to receive the federal grant. In other words, to receive the maximum grant, a participating company would be required to put up a similar amount....
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