"The Tennessee Valley Authority and Holtec will each receive $400 million from the Department of Energy to build small modular reactors based on existing nuclear fission technology. The TVA will build one 300-megawatt reactor from GE Vernova Hitachi in Tennessee, while Holtec will build two of its 300-megawatt reactors in Michigan. Tech companies have warmed to nuclear power in recent years as their demand for electricity has grown alongside their AI ambitions. The reactors to be built are considered Generation III+ designs."
"Two more nuclear companies have been awarded large grants by the Trump administration. By shrinking them down to "small modular" size, the hope is that costs will come down as parts are mass produced production and engineering and construction crews become more familiar with building them. To date, though, only two small modular reactors are operational, according to the World Nuclear Association."
The Tennessee Valley Authority and Holtec will each receive $400 million from the Department of Energy to build small modular reactors. TVA will install a single 300-megawatt reactor from GE Vernova Hitachi in Tennessee. Holtec will construct two 300-megawatt reactors in Michigan. The planned reactors are Generation III+ designs, representing refinements of long-used technology. Shrinking reactors to small modular size aims to lower costs through mass production and repeated construction learning. Tech companies' growing electricity demand driven by AI has increased interest in nuclear power. Only two small modular reactors are currently operational, according to the World Nuclear Association.
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