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DOE Selects Three Industry-Led Teams for Nuclear Tech Project Funding Opportunity

1 min read

Jeff Brody

The Department of Energy has awarded $15.1M in total funds to support projects from three industry-led teams that aim to advance commercial nuclear platforms.

FirstEnergy Solutions, Blue Wave AI Labs and TerraPower will lead different groups composed of federal agencies, higher education institutions laboratories and other domestic organizations as part of DOE’s U.S. Industry Opportunities for Advanced Nuclear Technology Development, the department said Tuesday.

Ohio-based FirstEnergy Solutions will receive $9.2M to develop a hybrid energy-powered light water reactor while Florida-based Blue Wave Capital and Consulting, doing business as Blue Wave AI Labs, will get $5.5M to create predictive maintenance tools with machine learning technology.

DOE will provide more than $492,000 to Washington-based TerraPower to produce a fuel qualification methodology report for the company’s Traveling Wave Reactor. All three teams will allocate a total of $4.3M to the cost-shared projects.