Ameren expected to compete for nuclear funds : Business: "The Obama administration is following through on its pledge to push for commercialization of a new breed of small nuclear reactors. And Ameren Missouri is expected to be among the companies to compete for funding.
The Energy Department on Monday announced it is soliciting additional proposals for small modular reactors that could begin producing electricity by 2025.
The small-scale reactors, generally less than a third the size of today’s plants, have been touted by President Barack Obama and the nuclear industry as sources of around-the-clock electricity that would be easier for utilities to finance and deploy. The smaller size reduces both upfront costs and construction times and also makes these reactors ideal for small electric grids and for locations that cannot support full-size plants.
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For now, Ameren Missouri officials aren’t ready to say they’ll pursue the grant opportunity. The St. Louis-based utility said it had not yet had a chance to review information released Monday afternoon by the Energy Department, spokeswoman Rita Holmes-Bobo said.
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