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TVA leads $800m SMR initiative to expedite Clinch River nuclear project

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The Tennessee Valley Authority (TVA) will lead an $800 million application to the US Department of Energy’s Generation III+ small modular reactor (SMR) program.  The initiative, supported by Bechtel, BWX Technologies, and Duke Energy, aims to accelerate the construction of an SMR at TVA’s Clinch River project in Oak Ridge, Tennessee. If successful, the funding will reduce the project’s timeline by two years, with a target for commercial operation by 2033. TVA plans to use…

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TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro

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The Tennessee Valley Authority (TVA), along with Argo Infrastructure Partners and Brookfield Asset Management, has finalized a 10-year power purchase agreement (PPA) for carbon-free energy from the Smoky Mountain Hydroelectric facilities. The agreement covers four hydroelectric dams—Cheoah, Calderwood, Chilhowee, and Santeetlah—jointly owned by Argo and Brookfield. Starting in 2025, Smoky will deliver over 14 gigawatt-hours of renewable energy annually to TVA customers, supporting TVA’s commitment to net-zero emissions by 2050. The 377-megawatt portfolio generates an…