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  • powertong2001 powertong2001 Nov 28, 2012 11:40 AM Flag

    Why The Up...

    U.S. backs project for small nuclear reactors
    By Matt Smith, CNN
    updated 7:31 PM EST, Wed November 21, 2012
    • The Energy Department announces support for small modular reactor design
    • Supporters say the units will be cheaper and safer than current reactors
    • U.S. regulators are still reviewing the designs
    (CNN) -- The Department of Energy is putting federal money behind the development of small-scale nuclear reactors that supporters say are cheaper, safer and easier to build, though the design still needs federal approval.
    The first award under a $452 million program to boost the development of small modular reactors will go to a consortium led by Babcock & Wilcox and the Tennessee Valley Authority, the Southeastern utility that already operates three commercial nuclear plants. The reactors will be about a third the size of those now used in nuclear power plants, with the B&W design generating about 180 megawatts of electricity -- enough to power almost 200,000 homes.

    Sentiment: Strong Buy

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