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$800 Million Boost for Small Modular Reactor Development

12/3/2025

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Summary

Story summary

On December 2, 2025, the U.S. Department of Energy announced up to $800 million for small modular reactor development by Tennessee Valley Authority (TVA) and Holtec.
TVA will receive $400 million for a GE Vernova Hitachi BWRX-300 reactor in Tennessee.
Holtec plans to build two SMRs in Michigan.
No SMRs are under construction, and concerns about economic viability and radioactive waste management remain.

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Story summary

On December 2, 2025, the U.S. Department of Energy announced up to $800 million for small modular reactor development by Tennessee Valley Authority (TVA) and Holtec.
TVA will receive $400 million for a GE Vernova Hitachi BWRX-300 reactor in Tennessee.
Holtec plans to build two SMRs in Michigan.
No SMRs are under construction, and concerns about economic viability and radioactive waste management remain.