B&W Small Modular Nuclear Reactor Project Wins DOE Funds
The U.S. Department of Energy (DOE) gave an additional $20.5 million in funding to The Babcock & Wilcox (B&W)’s small modular nuclear reactor project in Tennessee. It is expected to be completed in 2022.
With the latest allocation, the DOE has given the full amount of its funding for the project. The first installment of $79 million was allocated by the DOE upon the signing of a formal agreement with B&W mPower in April 2013, according to Power Engineering.
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