This bill establishes a federal program to support the research, development, and demonstration of small modular reactors and micro-reactors in the United States. The program, run by the Department of Energy in partnership with utilities, universities, and national laboratories, aims to advance these smaller nuclear technologies for various applications including power generation, industrial heat, and remote energy supply. The bill authorizes $100 million annually for fiscal years 2025 through 2027 for general program activities, plus an additional $300 million in 2025 and 2026 and $200 million in 2027 specifically for demonstration projects. The legislation requires private sector partners to contribute at least 50 percent of demonstration project costs and mandates that the Department select up to two utility-scale demonstration projects by September 2034, with at least one located at an existing nuclear power plant site or similar facility with existing infrastructure.
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