CCTV.com - CNTV English - CCTV News

U.S. earmarks 450 mln USD for developing small modular reactors

03-23-2012 13:16 BJT

WASHINGTON, March 22 (Xinhua) -- The U.S. government Thursday unveiled a plan worth 450 million dollars to support first-of-its-kind engineering, design certification and licensing for up to two small modular reactors (SMRs) designs over five years.

Manufacturing these reactors domestically would create important export opportunities and advance the country's competitiveness in global clean energy race, the Department of Energy said in a statement.

Small modular reactors, which are approximately one-third the size of current nuclear plants, have compact, scalable designs that are expected to offer a host of safety, construction and economic benefits.

"Through the funding for small modular nuclear reactors announced today, the Energy Department and private industry are working to position America as the leader in advanced nuclear energy technology and manufacturing," said Energy Secretary Steven Chu.

Through cost-share agreements with private industry, the department will solicit proposals for promising SMR projects that have the potential to be licensed by the Nuclear Regulatory Commission and achieve commercial operation by 2022. These cost-share agreements will span a five-year period and, subject to congressional appropriations, will provide a total investment of approximately 900 million dollars, with at least 50 percent provided by private industry.

SMRs can be made in factories and transported to sites where they would be ready to "plug and play" upon arrival, reducing both capital costs and construction times. The smaller size also makes SMRs ideal for small electric grids and for locations that cannot support large reactors, offering utilities the flexibility to scale production as demand changes.

Over the past three years, the U.S. Department of Energy has invested 170 million dollars in research grants at more than 70 universities, supporting R&D into a full spectrum of technologies, from advanced reactor concepts to enhanced safety design.

Editor:Wang Lingfei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program