Duke Energy has reaffirmed its commitment to advancing nuclear energy technology through participation in a new U.S. Department of Energy (DOE) cost-share project. The DOE recently announced a $400 million grant to the Tennessee Valley Authority (TVA) aimed at accelerating the deployment of GE Vernova Hitachi’s BWRX-300 small modular reactor (SMR) technology.
Duke Energy is supporting TVA’s grant application as part of its strategy to develop advanced nuclear solutions by collaborating with other utilities and technology providers. This approach is intended to promote standardization, reduce costs, and incorporate lessons learned across the industry.
“Public-private partnerships accelerate technology development and reduce costs and risks for customers and investors,” said Harry Sideris, Duke Energy president and chief executive officer. “Our work with TVA and GE Vernova Hitachi will advance the BWRX-300, paving the way for future deployment of SMRs that strengthen grid reliability and support economic growth.”
Duke Energy considers SMRs an important part of its diverse energy portfolio, contributing to both economic stability and reliable service for customers at competitive costs. The company’s collaboration with TVA and GE Vernova Hitachi supports ongoing efforts to evaluate new nuclear generation opportunities. Among these efforts is a plan to submit an early site permit application for potential SMR deployment at the Belews Creek site in North Carolina before the end of the year.
Additional information about the DOE grant and project teams can be found on the Department of Energy website.
Duke Energy, headquartered in Charlotte, North Carolina, serves 8.6 million electric utility customers across six states and operates 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in five states.
The company continues investing in grid upgrades and cleaner generation sources as part of its broader energy transition goals.
For more details about Duke Energy’s initiatives or recent developments, visit duke-energy.com or access updates via their social media channels.
