Generation III+ Small Modular Reactor Pathway to Deployment

The summary for the Generation III+ Small Modular Reactor Pathway to Deployment grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Headquarters, which is the U.S. government agency offering this grant.

Generation III+ Small Modular Reactor Pathway to Deployment: Nuclear energy is the nation’s largest source of carbon-free power, and it provided 48 percent of America’s carbon-free electricity in 2023. The nuclear industry today is building new commercialization momentum as utilities and other potential customers see the successful operation of Vogtle Units 3 and 4, anticipate sustained load growth, and begin to take advantage of tax credits and other financial support made available by the Inflation Reduction Act. Utilities are seeking and receiving Nuclear Regulatory Commission (NRC) licensees to extend reactor operations to 80 years, planning to uprate reactor capacity, reversing plans to close reactors, and restarting formerly shuttered reactors. However, the industry must still overcome barriers to achieve commercial liftoff by securing committed investments in an orderbook of new nuclear projects and standing up the industrial base needed for fleet-level deployment.