TVA Boosts Investment in Small Modular Nuclear Reactors

September 9, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Tennessee Valley Authority (NYSE:TVE) (TVA) (Knoxville, Tennessee) plans to invest nearly $16 billion through fiscal-year 2027 in new generation, infrastructure and reliability enhancements, the agency said in late August after its board of directors adopted the agency's FY 2025 budget.

As part of its August 22 vote, the TVA board decided to increase the agency's investment in the small modular nuclear reactor (SMR) being developed at its site in Clinch River, Tennessee, bringing the agency's investment there to $350 million. TVA made its initial Clinch River SMR investment of $200 million in February 2022.