The U.S. Energy Department has pledged to invest up to $80 million to fund multiyear public-private research and development projects focused on advanced nuclear reactor systems.
âWe believe this funding opportunity will foster scientific innovation to advance the goals of the department in developing clean energy technologies,” John Kotek, DOE acting assistant secretary for nuclear energy, said Friday.
The agency is seeking industry proposals for cost-share projects to research, build and demonstrate advanced reactors by 2035.
Interested parties can submit their letters of intent to DOE through Aug. 31 and file applications until Oct. 5.
DOE said it will collaborate with the private sector to award a pair of R&D contracts worth a combined $12 million this fiscal year.
For each award, $3.6 million will come from DOE and another $2.4 million will be provided by a federally funded R&D center, according to the department.