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US DOE allocates $474m for grid resilience for fiscal year 2024

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The US Department of Energy (DOE) has allocated $474 million in grid resilience funding for fiscal year 2024 (FY24) to enhance the power grid’s resilience across 49 states, five territories, 254 tribal nations, and the District of Columbia.  Supported by the Bipartisan Infrastructure Law, the funding aims to strengthen power grids against extreme weather events intensified by climate change, as part of the Biden-Harris Administration’s commitment to reliable, clean, and affordable electricity. This funding, administered…

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US commits $900 million for Gen III+ SMR technologies

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The US Department of Energy (DOE) has committed $900 million to advance the development and deployment of Generation III+ small modular reactor (SMR) technologies. This funding, part of the Consolidated Appropriations Act of 2024 and President Biden’s Bipartisan Infrastructure Law, is aimed at accelerating the domestic nuclear industry and supporting national climate goals. The funding is divided into two categories. Tier 1, managed by the Office of Clean Energy Demonstrations (OCED), allocates up to $800…