Maria Korsnick CEO of NEI reports that small modular reactors and new large reactor designs represent a major component of our future energy infrastructure. The NEI will work with the new Congress and the White House to increase funding to develop them. The potential for SMRs in the energy market, both here in the U.S. and abroad, is tremendous. In the U.S., small reactor designs could be used to replace retiring, fossil-fueled power plants that will not meet federal clean air requirements. Small reactors also provide a clean electricity option capable of providing the necessary operational flexibility for managing the future power grid.
The runway to our advanced reactor future is a continuum of developments and innovation. The journey starts with preserving the U.S. existing nuclear power plants, including second license renewal to allow plants to operate beyond 60 years. It proceeds through construction of more large advanced light water reactors, like the four under construction in Georgia and South Carolina. t further includes deployment of small, modular, light water reactors in the mid-2020s and the continued development of advanced, non-light water reactors. In the NuScale announcement, they are celebrating the success of a true public-private partnership in innovation. In 2013, DOE awarded NuScale up to $226 million for development of its small modular reactor design. To date, NuScale has invested over $300 million of its own funding. These decisions clearly show a long-term vision and investment in our critical infrastructure and clean air technology.
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