Tuesday, February 14, 2012
NuScale Power will compete with other small-scale nuclear reactor companies for a $452 million federal grant from the U.S. Department of Energy.
The grant, a maximum of $226 million each for two technologies that will be awarded as a match to other investment over five years, should be determined by the end of the fiscal year in September.
In addition to Corvallis-based NuScale, Charlotte, N.C.-based Babcock & Wilcox Co., Westinghouse Electric Co., which also has operations in North and South Carolina, Hyperion Power Generation Inc. of Denver and Holtec International Inc. of Jupiter, Fla., are all expected to compete for the funding.
Read more at Sustainable Business Oregon.