Thursday, December 26, 2024
US opens applications for $900 million for small nuclear reactors- oil and gas 360- oil and gas 360

US opens applications for $900 million for small nuclear reactors

(Reuters) – The U.S. on Wednesday opened applications for up to $900 million in funding to support the initial domestic deployment of small modular reactor nuclear technology.   President Joe Biden’s administration believes nuclear power is critical in the fight against climate change because it generates electricity virtually free from emissions, and that U.S. nuclear power capacity must triple to meet