Washington – The American Council for Capital Formation applauded today’s announcement from the Department of Energy on its $60 million in federal funding for cost-shared research and development for advanced nuclear technologies. The announced selections are the first under DOE’s Office of Nuclear Energy’s U.S. Industry Opportunities for Advanced Nuclear Technology Development funding opportunity announcement (FOA). See more details in the DOE announcement.
ACCF Senior Fellow and Director of Energy Innovation Programs Drew Bond issued the following statement:
“This is a timely and important step towards a cleaner energy future. Advanced nuclear energy is critical for us having lasting energy security and a cleaner, more durable environment. It’s energy innovation research done right – the US Department of Energy partnering with industry, national labs, and universities to overcome a full range of hurdles ranging from early-stage research to first-of-a-kind demonstrations.”