Ameren Missouri Forms an Alliance with Westinghouse Electric to Apply for Department of Energy Small Modular Nuclear Reactor Investment Funds
Ameren Missouri, a utility company of Ameren Corporation, announced it has entered into an agreement with Westinghouse Electric Company, a proven, global leader in nuclear energy and small modular reactor technology development, to exclusively support Westinghouse’s application for the Department of Energy’s (DOE) Small Modular Reactors (SMR) investment funds of up to $452 million.
The investment funding, announced by the DOE on March 22, will support first-of-its-kind engineering, design certifications and operating licenses for up to two SMR designs over five years.
The objectives of the DOE program are to support efforts for the United States to become the global leader in the design, engineering, manufacturing and sale of American-made SMRs around the world, as well as expand our nation’s options for nuclear power. Westinghouse expects to submit the investment fund application by mid-May. A final decision on awarding the investment funds is expected in the summer of 2012.