NuScale wins DOE funding for small modular nuclear reactor technology
http://www.pennenergy.com/articles/pennenergy/2013/12/nuscale-wins-doe-funding-for-small-modular-nuclear-reactor-technology.html
NuScale Power, LLC has been selected as the winner of the second round of the U.S. Department of Energys (DOE) competitively-bid, cost-sharing program to develop nuclear small modular reactor (SMR) technology. As part of the award, NuScale will receive funding that will support the accelerated development of its NuScale Power Module SMR technology. DOEs formal announcement about the selection was made Dec. 12 in Washington, D.C. NuScale and DOE will now move to negotiate a cooperative agreement that formalizes the public-private relationship and establishes milestones for the five-year funding program.
Earlier this year, DOE issued the Funding Opportunity Announcement (FOA) to provide support for SMR development, and move design certification forward to assist with commercialization. DOEs FOA criteria focused on technologies that are unique and have innovative features that maximize resistance to hazards presented by natural phenomena. These features incorporate diverse and redundant safety systems including designed capabilities that aid in managing the consequences of severe accidents similar to the Fukushima events...
Originally post by NickB79
http://www.democraticunderground.com/112759933