GE Vernova Hitachi Nuclear Energy announced that the U.S. Department of Energy has awarded a $400 million grant to the Tennessee Valley Authority (TVA) to support the construction of a 300‑megawatt boiling‑water reactor (BWRX‑300) at TVA’s Clinch River site. The grant is earmarked to cover a portion of the capital costs associated with the SMR’s construction and commissioning, providing a significant financial boost to the project’s overall budget.
The BWRX‑300 is a 10th‑generation modular reactor designed for rapid deployment and lower upfront costs compared with traditional nuclear plants. TVA submitted a construction permit application to the Nuclear Regulatory Commission in May 2025, and the NRC is currently reviewing the application. The DOE grant is part of a broader $800 million federal investment in SMR development, positioning the project as a national model for future small‑modular reactors and accelerating the U.S. nuclear renaissance.
GE Vernova’s nuclear strategy hinges on the BWRX‑300 as the first commercial SMR in the United States. The grant reduces the financial risk to TVA and its customers, strengthens domestic supply chains, and validates GE Vernova’s technology in a competitive market that includes other advanced reactor designs. By securing public funding, GE Vernova moves closer to delivering a scalable, low‑carbon power source that can meet the growing demand for reliable electricity in data centers, electric‑vehicle infrastructure, and other high‑growth sectors.
While the DOE grant represents a major public funding source, additional private investment and TVA’s own capital contributions are expected to support the remaining project cost, though those amounts have not been disclosed. The grant’s impact is twofold: it provides a tangible financial cushion for the project and signals strong governmental support for SMR technology, reinforcing GE Vernova’s position as a leader in next‑generation nuclear power.
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