The US Department of Energy and NuScale Power signed an agreement in which NuScale will receive up to $217 million over five years for small modular reactor development, the company said Wednesday. NuScale joins Babcock & Wilcox in receiving money as part of a six-year program DOE initiated in 2012 to distribute $452 million to support licensing and development of small modular reactors. DOE defines SMRs as reactors of less than 300 MW that can be built in a factory and shipped to utility sites as demand arises. “It was only yesterday that we actually signed the cooperative agreement, which will provide up to $217 million to NuScale,” John Kelly, DOE deputy assistant secretary for nuclear reactor technologies, said Wednesday at Platts’ annual Small Modular Reactors conference in Washington. Article continues below… Since 1960, Platts Nucleonics Week has been the leading source of global news for the commercial nuclear […]