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Advanced Reactor Development To Strengthen Nuclear Power’s Role In Combating Climate Change

on November 7, 2015 - 8:00am
DOE News:
 
WASHINGTON  The U.S. Department of Energy (DOE) made two announcements today at the White House Summit on Nuclear Energy that will bolster our nation’s commitment to nuclear power as a clean energy solution for combating climate change.
 
One of the efforts by DOE will accelerate the development of advanced designs for nuclear reactors through the Office of Nuclear Energy’s Gateway for Accelerated Innovation in Nuclear (GAIN).
 
Additionally, DOE’s Loan Programs Office will issue a supplement to the agency’s existing Advanced Nuclear Energy Projects loan guarantee solicitation that clarifies eligible project costs.
 
U.S. Department of Energy (DOE) Deputy Secretary Liz Sherwood-Randall is expected to further detail both of these commitments at a speech later today at the White House summit.
 
“Nuclear power is central to President Obama’s all-of-the-above energy strategy and will advance our efforts to reduce carbon emissions,” Deputy Secretary Sherwood-Randall said in remarks prepared for delivery. “We want to ramp up investment in innovative technologies to ensure that future generations have access to reliable, low-carbon electricity.”
 
In close coordination with DOE’s office of Technology Transitions and the Clean Energy Impact Investment Center, GAIN will serve as the access point for the nuclear industry and entrepreneurs to benefit from the broad range of capabilities—people, facilities, materials, data, and land—across the DOE complex and its National Labs.
 
This new effort will build on DOE’s efforts to provide America’s nuclear power industry with access to the technical, regulatory, and financial support needed to move new or advanced nuclear reactor designs toward commercialization.
 
Additionally, DOE is supplementing its existing Advanced Nuclear Energy Projects Solicitation that makes up to $12.5 billion in loan guarantees available for eligible projects that can include construction of advanced nuclear reactors, small modular reactors, uprates and upgrades at existing facilities, and front-end nuclear facilities.
 
The new supplement clarifies that project costs for an eligible project that are incurred as part of the Nuclear Regulatory Commission (NRC) licensing process, such as design certification, construction permit, and combined construction and operating license (COL), could be eligible costs that may be financed with a loan guaranteed by DOE. 
 
Taken together, these two announcement represent measurable progress in the Department’s nuclear energy mission to advance nuclear power as a resource capable of meeting the Nation’s energy, environmental, and national security needs.
 
For more information on GAIN, please visit here.
 
For more information on the LPO solicitation, please visit here.

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