The solicitation calls for loan guarantees to support construction of innovative nuclear energy and front-end nuclear projects in the U.S., including advanced reactor technology, small modular reactors, upgrades and uprates at existing facilities, and front-end projects.
Peter Davidson, executive director of the DOE’s Loan Programs Office, said this is the third and final loan guarantee solicitation issued in draft form in order to receive public comments.
“We hope they will read it and give comments,” Davidson said. “For those comments that are valid, we do make changes.”
Davidson said that in a previous solicitation, some of the comments said the fees the DOE charged to apply for the loan guarantees were too high. DOE lowered the fees based on those comments. The other two solicitations were $8 billion for advanced fossil energy technologies for natural gas, coal and oil-fueled technologies; and $4 billion for renewable energy.
Davidson said the large amount of money for the nuclear loan guarantees may be reflective of President Obama’s “all of the above” climate action plan.
“We want to help drive down the costs to the end consumer of various forms of energy,” Davidson said. “We do that through helping the latest and most efficient forms of technology get deployed.”
The loan guarantee is reflective of what is going on in the nuclear industry. “We have designed the solicitation around the activity we’re seeing in the marketplace, so it’s for traditional new reactors like the AP1000, but we’re also looking at small modular reactors,” Davidson said. “This is the first solicitation the federal government has that specifically calls out small modular reactors and innovative uprate projects.”
The draft solicitation can be found by clicking here.
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