Oregon State University spin-out NuScale Power is set to receive a massive grant from the US Department of Energy (DOE) for developing small modular reactor (SMRs).

The grant, worth up to $226m, calls for NuScale and its investors to provide matching money and will last for five years. Proceeds from the funds will be used to further commercialise NuScale’s SMR technology, which provides a small-scale nuclear power source described as “clean, safe and cost-effective” by the DOE.

Energy secretary Ernest…

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