Secretary of Energy Rick Perry Announces $30 Million Investment in Advanced Nuclear Technology
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U.S. Secretary of Energy Rick Perry released a funding opportunity announcement (FOA) to support development of advanced nuclear energy technology. The Department of Energy (DOE) is soliciting proposals for cost-shared projects to develop innovative, industry-driven reactor designs and accompanying technologies with high potential to advance nuclear power in the United States.
“Targeted early-stage investment in advanced nuclear technology will support a strong domestic industry now and into the future,” said Secretary Perry. “This funding opportunity is an important step to ensure our nation continues to benefit from this clean, resilient source of electricity.”
DOE expects to make up to $30 million or more available in FY 2018 awards, subject to the availability of funding. The FOA will be open for a five-year period accepting applications on a year-round basis, with a quarterly selection process. Additional funding will be available in future years, as allocated by Congress.
Through this competition, DOE encourages U.S. companies to partner with other U.S. federal agencies, public and private laboratories, institutions of higher education, and other domestic entities to share expertise needed to successfully develop these innovative technologies.
This FOA is available at www.grants.gov under reference number DE-FOA-0001817. Initial applications are due January 31, 2018.
DOE will conduct a webinar on January 9, 2018 at 1:00 p.m. EST for more information on this funding opportunity. You can register for the webinar here. A Frequently Asked Questions (FAQs) document is also available at www.id.doe.gov.