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The U.S. Department of Energy today announced it has selected two U.S.-based teams to receive $160 million in initial funding under the new Advanced Reactor Demonstration Program, which is designed to help domestic private industry demonstrate advanced nuclear reactors in the United States.
INL supports both finalists, as well as other applicants who will be considered for DOE's advanced reactor risk reduction and ARC 20 awards in the next phase of the Advanced Reactor Demonstration Project.
"I congratulate TerraPower and X-energy for receiving the DOE's advanced reactor demonstration pathway awards," said INL Director Mark Peters. "Today marks a tremendous step forward in bringing advanced fission systems from concept to reality."
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