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DOE Bets Big on Costly SMRs
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Why This Matters
The US Department of Energy has awarded $400 million each to GE-Hitachi and Holtec for the development of small modular reactors (SMRs) in Tennessee and Michigan, respectively. This investment reflects a strong commitment to nuclear energy as part of the Biden administration's energy strategy.
Market Impact
Market impact analysis based on bullish sentiment with 76% confidence.
Sentiment
Bullish
AI Confidence
76%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
This week, the US Department of Energy made two substantial financial awards to two SMR builders who each proposed 300 MW units. GE-Hitachi’s BWRX 300 will be built at a TVA facility, Clinch River in east Tennessee, while the two planned Holtec units are for repowering the Palisades nuclear plant in Michigan. The awards are for $400 million apiece with an additional $100 million available for “contingencies”. There were several things that struck us about the DoE’s award, which originated in the Biden administration. First,…
Original article published by
OilPrice.com
on December 7, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.