TVA Clinch River 600 MW BWRX-300 SMR (2 units, Oak Ridge TN) + Holtec Palisades 680 MWe dual SMR-300 (Pioneer 1 & 2, Covert MI)
DOE selects TVA + Holtec for up to $800M federal cost-shared funding to advance first US light-water SMR deployments. TVA: $400M for two-unit ~600 MW GE Vernova Hitachi BWRX-300 at Clinch River (Oak Ridge, TN), targeting early 2030s; partners Indiana Michigan Power, BWX Technologies. Holtec: $400M for two-unit 680 MWe SMR-300 ("Pioneer 1 & 2") at Palisades site (Covert, MI); construction financing expected from DOE LPO.
$800M
Deal Value
1,280MW
Capacity
Nuclear
Technology
TN, MI
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Tennessee Valley Authority (TVA) + Holtec Government Services
- Buyer / Financier
- U.S. Department of Energy (DOE)
- Deal Value
- $800M (DOE cost-share — $400M each)
- Stage
- Development
- ISO/RTO
- TVA, MISO
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