.TVAnews is joining forces with Canadian and Polish companies to fund the development of a new small modular reactor design it hopes will generate new carbon-free electricity at a fraction of the cost of legacy nuclear power plants.
TVA signed a new technical collaboration agreement on Thursday providing that the utility, alongside Ontario Power Generation and Polish Synthos Green Energy, will collectively invest around $400 million to fund the development of GE Hitachi's BWRX-300 reactor. The goal is for the reactor to be deployed at the signatories' new nuclear plants over the next decade.
The BWRX-300 reactor differs from some other prominent next-generation nuclear designs in using legacy boiling water reactor technology while using it on a smaller scale. "We have the technology, we've got a project, we've got a plan to deliver a new clean electricity to our grid before the end of this decade," Todd Smith, Ontario's minister of energy, said during the Thursday ceremony in Washington, D.C.
The agreement to develop a common design means a person could one day visit reactor sites operated by each company and more or less see the same product in action, said Jeff Lyash, president and CEO of TVA.
France Dernières Nouvelles, France Actualités
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