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16 Jan 2025
News
Charlotte-based Duke Energy is participating with other utilities and nuclear companies to apply for an $800 million U.S. Department of Energy grant to build the nation’s first small modular reactor in the eastern Tennessee town of Oak Ridge, about 25 miles west of Knoxville.
The Tennessee Valley Authority is leading the effort to secure the grant. Building a small modular reactor supports Duke Energy’s nuclear strategy by joining other utilities and technology providers to advance a standard technology design and license cost-effectively, according to the utility.