This Department of Energy grant aims to accelerate the deployment of Generation III+ Small Modular Reactors (SMRs). Nuclear energy is crucial as the nation’s largest source of carbon-free power, currently supplying 48% of America’s carbon-free electricity. The nuclear industry is experiencing new commercialization momentum, driven by successful reactor operations, anticipated load growth, and financial incentives from the Inflation Reduction Act. Utilities are extending operations and planning capacity upgrades. However, significant barriers remain to achieving widespread commercial adoption and fleet-level deployment of new nuclear projects. This grant is for addressing these challenges by securing committed investments and strengthening the industrial base necessary for a robust SMR orderbook.
Opportunity ID: 356731
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | DE-FOA-0003485 |
| Funding Opportunity Title: | Generation III+ Small Modular Reactor Pathway to Deployment |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Other |
| Category of Funding Activity: | Energy |
| Category Explanation: | – |
| Expected Number of Awards: | 0 |
| Assistance Listings: | 81.255 — Clean Energy Demonstrations |
| Cost Sharing or Matching Requirement: | Yes |
| Version: | Synopsis 1 |
| Posted Date: | Oct 16, 2024 |
| Last Updated Date: | Oct 16, 2024 |
| Original Closing Date for Applications: | Jan 17, 2025 |
| Current Closing Date for Applications: | Jan 17, 2025 |
| Archive Date: | Feb 16, 2025 |
| Estimated Total Program Funding: | $900,000,000 |
| Award Ceiling: | $800,000,000 |
| Award Floor: | $1,000,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility: | See NOFO for Eligibility Requirements |
Additional Information
| Agency Name: | Headquarters |
| Description: | Nuclear energy is the nation’s largest source of carbon-free power, and it provided 48 percent of America’s carbon-free electricity in 2023. The nuclear industry today is building new commercialization momentum as utilities and other potential customers see the successful operation of Vogtle Units 3 and 4, anticipate sustained load growth, and begin to take advantage of tax credits and other financial support made available by the Inflation Reduction Act. Utilities are seeking and receiving Nuclear Regulatory Commission (NRC) licensees to extend reactor operations to 80 years, planning to uprate reactor capacity, reversing plans to close reactors, and restarting formerly shuttered reactors. However, the industry must still overcome barriers to achieve commercial liftoff by securing committed investments in an orderbook of new nuclear projects and standing up the industrial base needed for fleet-level deployment. |
| Link to Additional Information: | OCED Funding Opportunity Exchange |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Farwa Nawaz 703-395-1920
farwa.nawaz@hq.doe.gov Patrick J. Martin 240-243-5039 Patrick.martin@hq.doe.gov Email:farwa.nawaz@hq.doe.gov |
Version History
| Version | Modification Description | Updated Date |
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Related Documents
Folder 356731 Full Announcement-DE-FOA-0003485 (BASE) -> DE-FOA-0003485 – GenIII+SMR Working BAA – Final – For Release.pdf
Packages
There are no packages on this grant.
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