by James Conca at forbes.com
Last week, the United States Department of Energy (DOE) selected two teams - one led by https://www.terrapower.com/doe-natrium-demonstration-award/" data-ga-track="ExternalLink:https://www.terrapower.com/doe-natrium-demonstration-award/" aria-label="TerraPower">TerraPower in partnership with GE Hitachi, and one led by https://x-energy.com/media/news-releases/x-energy-awarded-80-million-department-of-energy-advanced-reactor-demonstration-program-ardp" data-ga-track="ExternalLink:https://x-energy.com/media/news-releases/x-energy-awarded-80-million-department-of-energy-advanced-reactor-demonstration-program-ardp" aria-label="X-energy">X-energy - to receive $80 million each in initial funding under the Advanced Reactor Demonstration Program (ARDP).
In this program, DOE provides initial funding to develop, test, license, and build advanced nuclear reactors within five to seven years of the award. DOE plans to invest about $3.2 billion over seven years in these projects that will be matched by the industry.