The DOE issued a notice of intent to advance the development of Generation III+ small modular reactors, a move that will help the US increase its nuclear energy capabilities significantly.<\/p>\n
In addition to driving clean energy goals, investments in small modular reactors will help create skilled job opportunities and position the country as a global leader in nuclear power.<\/p>\n
Jennifer Granholm, US Secretary of Energy, commented: \u201cPresident Biden is determined to ensure nuclear power\u2014the nation\u2019s single largest source of carbon free electricity\u2014continues to serve as a key pillar of our nation\u2019s transition to a safe and secure clean energy future.<\/p>\n
\u201cToday\u2019s announcement will support early movers in the nuclear sector as we seek to scale up nuclear power and reassert American leadership in this critical energy industry.\u201d<\/p>\n
Nuclear power is the US\u2019 largest source of carbon free electricity, with the industry directly employing around 60,000 people nationwide and hundreds of thousands more indirectly.<\/p>\n
To reach net zero emissions by 2050, the DOE estimates the US will need an additional 700-900 GW of firm, clean energy capacity<\/a>.<\/p>\n Nuclear energy is a viable option to meet this demand, with small modular reactors holding the potential to unlock the US\u2019 nuclear potential.<\/p>\n Small modular reactors are versatile and can be safely deployed in various settings, from remote areas to urban environments, due to their small footprint, modular design, factory construction, and established fuel supply chains.<\/p>\n These features lower overall project costs. Small modular reactors can meet localised power demands, be scaled up for larger needs, or complement renewable energy sources.<\/a><\/p>\nBenefits of small modular reactors<\/h3>\n