Two more nuclear companies have been awarded large grants by the Trump administration.
Tennessee Valley Authority and Holtec will each gets $400 million From the Department of Energy to build small modular reactors based on existing nuclear fission technology.
TVA will build one 300-MW reactor from GE Vernova Hitachi in Tennessee, while Holtec will build two of its own 300-MW reactors in Michigan.
Tech companies have heated for nuclear power Demand for electricity has grown along with their AI ambitions in recent years.
The reactors to be built are considered Generation III+ designs, which are refinements of existing designs that have been in use for decades. By miniaturizing them to “small modular” sizes, the hope is that costs will decrease as parts are mass-produced and engineering and manufacturing teams become more familiar with their construction.
However, to date, only two According to the World Nuclear Association, small modular reactors are operational.
