The suspense is over. The US Department of Energy (DOE) announced yesterday that it had awarded $80 million each to TerraPower and X-energy under the Advanced Reactor Demonstration Program (ARDP) for them to build two advanced nuclear reactors that can be operational within seven years. “The awards are cost-shared partnerships with industry that will deliver two first-of-a-kind advanced reactors to be licensed for commercial operations.” The $80 million is initial funding for what could be a total of $3.2 billion over seven years.
The ARDP also included two to five “Risk Reduction for Future Demonstrations” (Risk Reduction) projects and at least two “Advanced Reactor Concepts-20” (ARC-20) projects. DOE expects to announce these awards in December 2020.