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Duke Energy applauds Department of Energy's new nuclear investments, helps advance deployment of SMRs in the U.S.
Duke Energy reaffirms its commitment to advanced nuclear development activities as part of its participation in a recently announced U.S. Department of Energy (DOE) cost-share project.
About this update from Duke Energy Corporation (holding Company)
[{"type":"list","items":[{"val":[{"type":"text","content":"Aligns with Duke Energy's focus to reduce costs while supporting reliability and economic prosperity ","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Federal cost-share project will support small modular reactor deployment by Tennessee Valley Authority and GE Vernova Hitachi","length":125,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":229,"olType":false},{"type":"text","content":"CHARLOTTE, N.C., Dec. 4, 2025 /PRNewswire/ -- Duke Energy reaffirms its commitment to advanced nuclear development activities as part of its participation in a recently announced U.S. Department of Energy (DOE) cost-share project.","length":230,"tagName":"p"},{"type":"image","alt":"Duke Energy logo (PRNewsfoto/Duke Energy)","displaySize":"","headline":null,"caption":"Duke Energy logo (PRNewsfoto/Duke Energy)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":128,"url":"https://media.zenfs.com/en/prnewswire.com/829a69c01f1ce34f867ba8075a40a22b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AZkz2p7IVk.0RFE.fpGQ7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/829a69c01f1ce34f867ba8075a40a22b","width":400,"height":128}},"href":"https://mma.prnewswire.com/media/660545/Duke_Energy_New_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Earlier this week, the DOE announced a $400 million grant to the Tennessee Valley Authority (TVA) to continue to accelerate deployment of GE Vernova Hitachi's (GVH) BWRX-300 small modular reactor (SMR) technology. As previously announced, Duke Energy's participation in TVA's technology grant application supports the company's new nuclear strategy by joining with other utilities and technology providers to more cost effectively advance a standard technology design, while leveraging lessons learned from the industry. The collaboration aligns with Duke Energy's long-term strategy to deliver reliable, affordable, and carbon-free energy to its customers while supporting American prosperity and energy dominance.","length":740,"tagName":"p"},{"type":"text","content":""Public-private partnerships accelerate technology development and reduce costs and risks for customers and investors," said Harry Sideris, Duke Energy presiden...