By Avi Salzman
The Trump administration is giving out money to small nuclear reactor projects, and a handful of public companies should benefit.
The Energy Department announced $94 million worth of cost-sharing grants to build out America's nuclear infrastructure. The government will pay for up to 50% of the projects.
It's the second such grant given out to nuclear players. The first one went to the Tennessee Valley Authority, a federally controlled utility, and Holtec, a privately held nuclear operator that's building small reactors. Holtec is expected to go public sometime this year.
The government's involvement is meant to fast-track a U.S, nuclear renaissance, which has moved slowly so far because most private companies don't want to take the financial risk.
The winners of the new grants include Constellation Energy, the country's largest nuclear reactor owner. A unit of Constellation will receive up to $17.3 million to obtain an early site permit for small nuclear reactors in New York state, which is targeting at least 1 gigawatt of new nuclear capacity, enough to power up to 1 million homes.
A unit of BWXT Technologies, a nuclear supplier, won a grant of up to $21.4 million to complete a plant in Indiana that builds nuclear containment vessels and other large equipment.
A company called Global Nuclear Fuel Americas, which is jointly owned by GE Vernova and Hitachi, also won a grant worth $3 million to make fuel rods in North Carolina.
And Framatome U.S. Government Solutions, which is partially owned by foreign companies Mitsubishi Heavy Industries and French state-owned firm EDF, won $8.8 million to make uranium pellets.
The other awards went to private companies or government entities.
Write to Avi Salzman at avi.salzman@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 15, 2026 05:03 ET (09:03 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.